GBPJPY SET TO FALL GBPJPY is sell to fall, there might be profit bookings in coming sessions. I have two setups, one is 15m and 1hr timeframes. look in the chart, once the bearish trend start its set to fall. happy trading.
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
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