Greetings Forexia Family, lets break down the analysis on GBPJPY. I believe the pair is forming the weekly market structure. I believe the pair has more people trapped on the buys. And As we can see on the higher timeframe that the pair has bounced off the obvious zone where its highly likely that people have gone longs on that low. Thus. I believe the pair has potentials to go down.
Please use this analysis as a guide tool for your trading.
Please use proper money management and lot sizes.