GBPJPY is holding bearish structure prior to the GBP Claimant Count Rate, which measures the rate of people applying for unemployment benefits in the UK.
Technically the pair is holding bearish structure on the 1H price chart, and is also trading below the resistance trendline. We anticipate continued downside into the 151.740 level.
Technically the pair is holding bearish structure on the 1H price chart, and is also trading below the resistance trendline. We anticipate continued downside into the 151.740 level.
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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.