Analysis of #GBPJPY
The GBPJPY is near its structure resistance level where the market corrected aggressively to the downside and dropped more than 7.6% or 1286 pips.
the circumstances now are quite different as the YEN keeps on weakening across the board and the trend here remains to the upside so far.
I will be conservative here and look for a reversal pattern on the lower time frame before entering a sell trade if the rules are met.
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