The GBP/JPY pair is currently in a upward and is
under pressure due to a number of factors,
including the widening interest rate differential,
economic concerns, and technical factors.
GBPJPY setup quite compelling for a SHORT
position. The currency pair has completed an
upward corrective top resistance and is now
showing signs of a downward turn, potentially
marking the beginning of an impulsive pullback
support 190.
With the Japanese Yen often considered a
safe-haven currency, increased market
volatility could further fuel this potential bearish
trend in GBPJPY. Traders should remain attuned
to key levels and adjust their positions
according to real-time market dynamics