Currently, GBP/JPY is trading at 137.22. The pair started a new down trend on 8th June after breaking support level at 138.29. The price is forming a lower-low-lower high pattern and moving towards its first target, which is at 135.99 and its second target is at 134.57.
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Rishikesh Lilawat
Do follow us for future Forex trend analysis.
Thank you,
Rishikesh Lilawat