GBPJPY this week from 05/09/2022 to 09/09/2022

134
GJ moving in respect to 2 trendlines while getting shrink in between creating a symmetrical pattern. And also price facing major support at 160.858 & resistance at 162.672. if the support is broken which seems very likely now, then price might continue to push down to the next major support at 159.998 or go even further down.
And if price respects the support & breaks out of the resistance at 162.649, it could push upto 163.666 or ever further up if breaks out of it.

Penafian

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