GbpJpy can drop 500 pips

21 Eyl 2021

Since the beginning of March, GbpJpy is carving a rounded top.
Now the pair is trading exactly in pattern's support and a break here looks inevitable.
If such a break happens we can consider the formation complete and open sell position.
The target for the pattern is more than 500 pips down so 144 technical support can be in play

22 Eyl 2021

Not

We are very close of breaking support