GBPJPY 2 SCENARIOS

12 Mar 2023

GBPJPY has broken out resistance and retested last week friday. We had a big push to the upside resulting in a big rejection on the following resistance highlighted that caused price to fall to fridays starting daily low. If we can hold above highlighted support zone i can expect price to go to highlighted zone to clear highs. If we cannot hold support i expect a big fall in price to next support zone.