GBPJPY is facing some resistance in the 139.50 level. Since 31 July 2020, the price has not managed to break this level. At the same time, we have also not seen any strong bearish rejection candle at this level.
If we can get a big red candle at this level, then there's a good chance that GBJPY will drop to the 136 level.
On the other hand, if price breaks this resistance level with a strong bullish candle, GBPJPY will be on it's way to 144
If we can get a big red candle at this level, then there's a good chance that GBJPY will drop to the 136 level.
On the other hand, if price breaks this resistance level with a strong bullish candle, GBPJPY will be on it's way to 144