There are many reason why we feel it may SINK
* It has not sustained quarterly ..... level.
* BEARISH in WEEKLY Chart.
* ToSINK and come near 157 monthly target 03
* Stoch RSI (3,3,14,Close) clearly states it may sink.
* RSI(14,CLOSE) Is also of the same view.
* CCI(20,CLOSE) Is not clear
Keeping all the above indicators in view along with the chart pattern...
GBPJPY is expected to rise now.
There are many reason why we feel it may rise.
01. It has not sustained quarterly buy level.
02. BULLISH Engulfing pattern in daily Chart.
03. It has gone way below the quarterly Low target. and chances are bright it may touch 190 very soon
04. Stoch RSI (3,3,14,Close) is not clear.
05. RSI(14,CLOSE) Is rising.
06....