June 20, 2019 : The GBP/JPY pair fails to pursue above 136.95. Short-term Uptrend may be endangered.

On May 3rd, the GBPJPY pair initiated the depicted bearish movement channel around 146.45. On March 21st, another visit towards the upper limit of the same channel (141.70) was demonstrated. Since then, the depicted downtrend/channel has been intact until June 4 when the pair failed to achieve a new low below 136.50. This was followed […]