GBPJPY: 1D Double Top rejection. Long term sell.

The pair is now testing the 143.150 - 143.750 support (1) on 1D after the Double Top rejection at 148.650 - 148.900 earlier in March. This may create a Channel Down on 1D (RSI @ 44.512, MACD @ -0.070, Highs/Lows @ -0.8879) if this Support 1 breaks (Lower Low). This is our first target and on the long term we will use 141.00 as the extended TP. We see a similar Channel Down that was developed in November - December 2018 after a near 1W Resistance rejection.







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