GBP/JPY Anlaysis

Greetings.

Let’s take a look at the GBP/JPY hourly chart.

Look for a potential continuation of the downtrend to the 120.00 level and below. If we see a nice break of this level, we could see a down trend to test the 116.00 level and below in the longer term.

Be cautious and watch for a potential test of the upper trend line.

Good luck with trading and be sure to use proper money management.