Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
GBP/JPY: 'Double Top' pushing price lower
Information is not investment advice
There's a 'Double Top' pattern, which has been confirmed, so the market broke all Moving Averages. It's likely that the pair is going to continue falling down towards the next support at 143.32 - 143.02 in the short term. If a pullback from these levels forms thereafter, there'll be a moment to have an upward correction in the direction of the nearest resistance at 144.03 - 144.39.
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