After reversing from the 186.50 level, GBP/JPY is on a downtrend.
At present, GBP/JPY is struggling to cross the hourly moving average.
We can also see the formation of a double-top pattern in the 1H chart.
So, based on this observation, GBP/JPY is likely to fall to the 183.50 level
once again.
At present, GBP/JPY is struggling to cross the hourly moving average.
We can also see the formation of a double-top pattern in the 1H chart.
So, based on this observation, GBP/JPY is likely to fall to the 183.50 level
once again.
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