USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
GBP/JPY: 'Flag' pattern
Information is not investment advice
There's a confirmed 'Double Top' pattern, which pushed the market lower. Also, it seems like we're going to have a 'Flag' pattern soon. In this case, we should keep an eye on the closest support at 145.48 as the next target. If we have a pullback from this level little later on, there'll be an open door for another bullish price movement towards the previously tested resistance at 147.00 - 147.18.
Sergey Logachev
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