Not enough MOMENTUM on GBP/JPY!!!
As you can see on the multiple time frames right now the usd/yen is weakening it doesn't have enough volume to continue the trend. A liquidity grab is about to happen at the end of the LONDON session bringing it down to fake out people out of their equity.
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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.