Short on break of structure
GBPJPY broke previous support level that was tested many times before. Price retraced back into it. If this level holds, I expect price to go down to the next Fib extension level or even down to the 1.618 level which is close above a weekly support level
Disclaimer
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.