GBPJPY. clearly an uptrend. But we know all uptrend lasts. Technically the pair is in strong uptrend. In Weekly longer time frame chart which can see the breakout of horizontal support near 158.
We can see in 1H Time frame that pair has made a Doji and kind of Head and shoulder pattern characteristic by Lower high 1H candle. The trend seems exhausted and pair may see reversal. share your views and comments.
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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.