Hello traders and welcom to the US session. Here we are going to take a look at GBPJPY and its recent developments.
GBPJPY has been trading very complex for the last few sessions, however maybe now it is time for a change. We see that price has moved lower from the upper channel resistance line and is now appraoching the 149.10 swing low, where a drop beneath it would confirm a potential reversal to the downside. Break of the mentioned region and later the lower channel line could take us to new temporary lows on the pair.
GBPJPY, 1H
