Contributors Technical Analysis GBP/JPY On The Way Down

GBP/JPY On The Way Down

Price goes down aggressively erasing everything in its way as the Nikkei stock index has dropped sharply on Thursday. JP225 index failed to stay above the 19700 major static resistance and now is approaching the 19309 previous low. A further Nikkei’s drop will help the Yen to dominate the currency market. GBP/JPY should reach the warning line (WL1) in the upcoming days.

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