GBP/JPY Price Analysis: Bears making a move and eye key trendline support GBPJPY Technical Analysis
GBP/JPY monthly chart
The monthly charts show that the price has been rising for six consecutive months and is running into a potential resistance area. Therefore, a correction could be on the way and the daily chart shows that the price is decelerating. This might lead to the bulls throwing in the towel as we approach key domestic events onFrom a 4-hour perspective, the bullish trendline is still intact but the bears are heading in for the kill. A bearish correction to the 38.
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