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GBPJPY: Correctional Movement Ahead?! 🇬🇧🇯🇵
British Pound / Japanese Yen
Short
GBPJPY: Correctional Movement Ahead?! 🇬🇧🇯🇵
By VasilyTrader
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Sep 30, 2022
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Sep 30, 2022
GBPJPY reached a recently broken major trend line.
We see a strong bearish reaction from that with a formation of a bearish engulfing candle.
Taking into consideration that the pair is locally overbought, the price may drop.
Next support - 157.6.
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Candlestick Analysis
forecast
forextrading
GBPJPY
japaneseyen
Multiple Time Frame Analysis
pound
trader
Trend Lines
yen
VasilyTrader
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