# GbpJpy - There is a possibility of a new foot falling
After reaching a high of 157.50, GbpJpy quickly fell to the 153 zone.
The pair is now in the recovery period, and given the recent flag formation, a downward trend is likely.
155.50 Resistance and a good place to look for sales opportunities.
** It should be noted that the probability of climbing in case of resistance failure is that the lack of movement will cause a return to the lower layers.
After reaching a high of 157.50, GbpJpy quickly fell to the 153 zone.
The pair is now in the recovery period, and given the recent flag formation, a downward trend is likely.
155.50 Resistance and a good place to look for sales opportunities.
** It should be noted that the probability of climbing in case of resistance failure is that the lack of movement will cause a return to the lower layers.
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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.
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.