The GBP/JPY currency pair is currently showing the potential for further decline, along with technical signals indicating a continuation of the weakening trend. This condition is reinforced by candlestick confirmation, which emphasizes the dominance of selling pressure in the market.
As long as the price does not break the nearest resistance area, the opportunity to continue the decline remains wide open.
Recommendation:
- Stop Loss: 198.030
- Sell GBP/JPY
- Entry: 197.730
- Take Profit: 197.330
*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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