GBPJPY Forecast

GBPJPY will test the 161.8 fibonacci level before bounce to rally up in his secondary trend. After that, technically it will be drop down back to follow his primary trend and continues drop to 261.8 level fibonacci. As now, GBPJPY across the monthly critical level. So, short term for now, SELL. Reached 161.8, buy back and see any price action or reversal signal to go short for long term to 261.8