ZainSaeed

gbpjpy h4 trading view

FX:GBPJPY   British Pound/Japanese Yen
49 0 2
as we see that this pair is falling straightly form high without any good retracement now where is pair this is very important point of this pair if it break this important trend line then the next targets may be 125.00 or 120.00 but here are some reason that are saying that this pair will not break the down trend line
1- indicators are too oversold from last few days
2- no good retrenchment has been done yet
3- jpy is now at its strongest level
3- GBP is now weakest level these are some reasons which are saying that this pair will not break this below trend line
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