GBPJPY is at key resistance around 200.6. If it fails to break and hold above this level, a retracement toward 194.5 and possibly 190.7 is very likely. Watch for reversal candles or confirmation around 199–201.
Note
4 hr chart already showing the bearish wedge pattern Trade active
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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.