Seems like the GBP/JPY is ready for a big breakout to the downside…
Could you please inform us why you think it is going down? I see an uptrend for the past 3 days in an 1H chart, whith no weakness signs. Are you getting a signal or do you have fundamentals telling you otherwise?
Hello Asterios.
On the 1-hour chart, the GBP/JPY was in a downtrend and then went sideways. This is what we call a continuation pattern, meaning the currency pair will soon resume its downtrend after resting for a while.
Now watch what happened next, a few hours after I posted my message…
