GBPJPY: ⬆️ Buy
– GBPJPY reversed from resistance zone
– Likely to fall to support level 50.00
GBPJPY currency pair recently reversed down from the support zone located between the multi-month support level 207.3 (which reversed the price in February) and the lower daily Bollinger Band.
The upward reversal from the support level 80.00 stopped the earlier sharp downward impulse waves 1 and (C).
Given the strength of the support level 207.3 and the oversold daily Stochastic, GBPJPY cryptocurrency can be expected to rise to the next resistance level 209.50 – former support from the end of July.
 and the lower daily Bollinger Band.){kind=link}