The current outlook for GBPJPY indicates a bearish bias. This downside potential is supported by the formation of a double top chart pattern and the fact that the price is trading lower than its previous highs. These signals suggest a higher probability of further weakness.
Trading Recommendation:
- Sell GBPJPY
- Entry: 199.746
- Take Profit: 199.326
- Stoploss: 199.326
*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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