Weekly Forecast GBPJPY (11th May to 15th May 2020)

The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.

Short GBPJPY

@133.133.50

Target 1- 130.50
Target2- 128.00

Sl: 134.00

Good luck !