Last Updated Date: 25 March 2022 @ 11:49 AM (UTC)
*Please note that all the dates are in GMT time zone
As the market is overbought for 6 consecutive days, the GBPJPY market is short term negative and suggests a roll down from flagging congestion that will send selloffs to 159.58 - 159.08. Sustained selloffs under 159.08 will encourage declines to 157.56. Any corrective congestion within yesterday’s range will keep trade aligned for selloffs.