The GBP/JPY currency pair is currently expected to move lower. This bearish sentiment is supported by the trendline shift from an uptrend to a downtrend, signaling stronger selling pressure.
Additionally, the presence of a swing high and candlestick confirmation further reinforces the bearish bias, making the downside outlook valid in the short term.
Recommendation:
- Sell GBP/JPY
- Entry: 198.940
- Take Profit: 198.580
- Stop Loss: 199.170
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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