From a technical point of view, the medium-term trend of the gbpjpy currency pair is bullish, but the yen is moving towards a change of priority. Yesterday, the price strengthened to 197.181111 but after grabbing liquidity below the level, the upward movement did not develop. The price was consolidated below the level of impulse candles and rushed lower. The volume surge at the support level indicates the activity of sellers. And all this is happening against the background of the Cable growth. Thus, we should expect a further price decline, before grabbing demand at 194.825556.
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