GBP/JPY analysis for October 19, 2018
Recently, the GBP/JPY pair has been trading downwards. The price tested the level of 145.79. According to the H1 time – frame, I found that GBP/JPY in the bullish correction phase (bearish flag in creation), which is a sign that you should wait for confirmation before you sell. Watch for a potential breakout of the bearish flag pattern to confirm further downward continuation. Take profit level is set at the price of 145.83.