Gbpjpy fire sale!

Daily chart!


The pair is gonna retrace to 185.00 level.

The drop may just be a pullback, since the uptrend is still in place.

You are probably right…look at the daily chart bellow



If an uptrend continues and it will,we are gonna see progress to 1,618 fibo level at the price 191.789 (500 pips) and will create head and shoulders pattern


Fire sale was a headline for friday,the pair went 120 pips down!I still believe the pair is gonna retrace to 185.00 ,61,8 fibonacci level!