GBP/JPY expected to fall heavily!

The forecast for the pair British pound - Japanese yen (GBPJPY) is not encouraging, the pair is likely to continue to fall.

If you look at the H4 chart (4 hours), it is clear that after a powerful surge, the price may not recover, which is evident from the indicators.

Schedule for 4 hours

As for the younger TF, for example H1, overbought is even stronger here, which also indicates a fall.

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