Dear traders, in my previous chart attached below 
, I indicated that
GBPJPY will drop to 158 level from 161.50 level. Currently, price action is tilted to the downside with no major
support levels.
The area at 155.50 can be minor support from where price can rebound again. At the moment, I advise traders
not to buy GBPJPY. It is better to wait and see if GBPJPY drops to 155.50 from where we can consider buying.
GBPJPY will drop to 158 level from 161.50 level. Currently, price action is tilted to the downside with no major
support levels.
The area at 155.50 can be minor support from where price can rebound again. At the moment, I advise traders
not to buy GBPJPY. It is better to wait and see if GBPJPY drops to 155.50 from where we can consider buying.
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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.