"Is GBPJPY gearing up for a potential downtrend? Price action appears increasingly hesitant to push higher, suggesting buyer exhaustion at current levels. If this reluctance persists and key support zones begin to break, we could be looking at the early signs of a shift toward bearish momentum. A confirmed lower high followed by a break of structure could set the tone for a potential downward leg."
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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.