GBPJPY - Bearish Scenario
GBPJPY: Should be ready for a bearish move soon
In this daily chart, it can be seen that the market has stopped the price several times, rising above 188.95.
Over the past week, all daily candles have met resistance in this area and are losing volume. We must understand that it will not be so easy for the JPY to strengthen as long as the BOJ is not reacting.
The price may take some time before the bearish wave starts again.
In this daily chart, it can be seen that the market has stopped the price several times, rising above 188.95.
Over the past week, all daily candles have met resistance in this area and are losing volume. We must understand that it will not be so easy for the JPY to strengthen as long as the BOJ is not reacting.
The price may take some time before the bearish wave starts again.
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