- According to the most brokers’ data, more than half of the traders are currently in long positions on GBPJPY. As a result, we recommend considering only Short trades at this time.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 132.2, and the second one, in case of an active price decrease, is at the level - 131.8
Chart & Analyst Comments
![main-sell-market-trend-1](https://fxssi.com/images/forecasts/forecast-5ed851ebd078f3d7779944de23c38dd4.jpg)