GBP/JPY is expected to turn bearish from the 194.20 - 195.45 zone, with a projected drop towards the 180.70 - 178.25 area, where it may find support and potentially reverse into a bullish move. However, there's also a possibility of a continued bearish breakout that could extend the decline further towards the 174.45 level.
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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.