GBP/JPY is moving towards a line of 161.9210 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBP/JPY continues in its current trajectory, we may see it move towards 161.9210 within the next 2 days.
Chart 1 hour
Pattern Resistance
Length 103 Candles
Identified 31-Aug-2022 22:00 UTC