GBPJPY currency pair recently reversed down with the weekly Japanese candlesticks reversal pattern Shooting Star from the resistance area located between the resistance level 167.500, upper daily Bollinger Band and the resistance trendline of the dialy up-channel from the start 2020. Given the strongly bearish sterling sentiment seen across the FX markest today – GBPJPY currency pair can be expected to fall further toward the next support level 162.000.
GBPJPY reversed from resistance 167.500; Likely to fall to support level 162.000.
