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GBP/JPY: beautiful zone-to-zone trading. Deeper drop is expected

Por Investroy
As it can be inferred from the graphical illustration, the price has nicely completed the "impulse+correction" pattern. A nice top is being formed at the area of previous support now turned resistance that lines up with 50% Fibonacci retracement level. We are expecting for bearish moves to kick in and drive the price all the way down till the area of 149.3 major support.
FibonacciGBPJPYinvestroypriceactionSupport and ResistanceTechnical AnalysisTrend Analysis
Investroy
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