YourLazyTrader

GBPJPY can drop to 141.10;Bearish Continuation

Short
FX:GBPJPY   British Pound / Japanese Yen
After Friday's Bearish candlestick formation which indicated weakness among the buyers, GBPJPY reversed yesterday. At this point, GBPJPY could drop to the support area at 141.
So, traders should exercise caution before buying. Sellers, on the other hand, can hold their sells till 141.
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.