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Paun British / Yen Jepun

Trend Direction

Oleh yamtar14FX
The market will be a little bit bullish because of the number of forces preventing it to penetrate 132.636 that's why it was expected to turn otherwise. Double bottom was formed at 131.449 which gave hope that the trend will bounce back close to 134.091 before it will turn bearish. If you can check the trend direction since from 24 March, 2020, you will see that it has been decelerating. That will tell you that JPY is stronger than GBP for long time. By all indications, the market may not be able to rise beyound 134.091. PLEASE LIKE
Trend Analysis
yamtar14FX
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