GbpJpy finished its correction with a false break of 134.50-135.50 zone resistance.
After a first leg down to 132.00, the pair is in a flag anemic correction that looks to be over.
With GbpUsd ready to resume its downtrend and usdjpy on a verge of a break of 107 zone I expect GbpJpy to drop hard and the first target for this drop is at least 300 pips.
After a first leg down to 132.00, the pair is in a flag anemic correction that looks to be over.
With GbpUsd ready to resume its downtrend and usdjpy on a verge of a break of 107 zone I expect GbpJpy to drop hard and the first target for this drop is at least 300 pips.
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