A major downward move is expected from GBP/JPY. If the trendline is broken and the price exits the consolidation zone, it could drop to the 189 area. However, if the price stabilizes above 196.411, this analysis would not be valid.
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.
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.