GBPJPY has made a full retracement through all of our Fibonacci zones back down to the previous swing low, it may be just be retesting previous "resistance" gone "support". However, if we see the pair take out this low that is a break in the bullish market structure and we could see it push down further possibly to levels around 138.000/139.000.
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.