MarcellusLUX

Will GBP/JPY fall to 178?Let's analyze the daily chart

Short
FX:GBPJPY   Livre sterling / Yen japonais
Hello everyone, GBP/JPY made yet another attempt to break the
resistance level yesterday but the attempt was not successful.

📌Price has already fallen more than 100 Pips today. If the daily
candle ends today with a bearish candlestick pattern, we can expect
further fall in GBP/JPY.

📌183.46 is a moderate support level which if broken, would open
the path towards 178.

📌My recommendation is to sell the rallies in GBP/JPY.
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