GBPJPY: Correctional Movement Ahead?! 🇬🇧🇯🇵
GBPJPY reached a recently broken major trend line.
We see a strong bearish reaction from that with a formation of a bearish engulfing candle.
Taking into consideration that the pair is locally overbought, the price may drop.
Next support - 157.6.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.