GBPJPY: Correctional Movement Ahead?! 🇬🇧🇯🇵

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

Multiple Time Frame Analysis Trend Lines Candlestick Analysis GBPJPY pound yen japaneseyen forecast trader forextrading

mtfa trendline candlestick gbpjpy pound yen japaneseyen forecast trader forextrading

snapshot

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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