GBPJPY seems to be forming a bearish pennant. If the lower trend line breaks, we can possibly see a larger drop of 300-500 pips from the current levels of 135.85.
Trade closed: target reached
As I expected, dropped more than 350 pips from the level of 135.85.
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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.