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Jan 5, 2021 9:23 AM

GBPJPY H1 

GBP/JPYOANDA

Description

GBPJPY H1 - Bit of a consolidation break seen amongst GBP pairs this morning, yesterdays selloff influenced by the UK third national lockdown confirmation (selloff was seen ahead of the announcement), consolidation seen over the eastern, and bearish resumption seen as we catch EUR/LON volume during their opening hours. Currently on support here on GJ. Lower timeframe analysis here, look at maybe a retest of consolidation before breaking support.
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