Hi friends, for today we have a good opportunity with gbp/jpy pair. We can see that in the last few days we had a correction which was stopped at the confluence of the trend line and the resistance zone. From my point of view was more like a retest of the resistance followed by a possible down move. RSI under 50 pointing downwards indicates that bearish trend is strong.
I feel there is massive support now and its all but a bullish move the only chance for GBP JPY which can take it to levels above 160