GBPJPY made a strong bullish move in last days, but it’s probably not gonna last. We see price exhaustion and potential move downwards because the market reached trendline and Fibonacci level 50%.
At the end of August 2018, we saw a strong reversal on EURGBP. The market failed to break resistances around psychological level 0.9000 and created a massive engulfing pattern after which the market stopped for a while at the trendline and then while breaking trendline, the pattern 123 was confirmed. Now the market is very bearish and there are no signs of EURGBP...