GBPJPY will decline for a brief amount of time. I don't think it will continue its overall downtrend just yet because price has yet to completely retrace on the Daily Time-Frame. I drew up 3 possible scenarios that could happen. I definitely see price moving into the 135.70s zone. I didn't actually take a trade, I just wanted you to see my take on GJ for now. Thanks for taking the time to read my short analysis.
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Comment your ideas on GBPJPY below!
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Comment your ideas on GBPJPY below!