GBPJPY is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBPJPY continues in its current trajectory, we could see it reach 191.3183 within the next 2 days.
GBPJPY is quickly approaching the support line of a Flag. We expect either a breakout through this line or a rebound.
