GBPJPY along with all xxxjpy pair is been on huge bullish trend. But currently GBPJPY has created mature bearish divergence. Will the bearish divergence play its role and divert the bullish trajectory to some corrective structure.
@FxPhenoms, depends on their action likely no affect as it'll likely be the samething as before. With that said the GBP price is close to its level pre Brexit when compared to the Yen so im unsure on how much more room there is for it to to up. While the price is also pushing directly against a major resistance point that has been in place since mid 2020.