GBPJPY: Sellers Watching Resistance
GBPJPY on the H4 timeframe is showing signs of weakness after being rejected at the descending trendline. The price remains below the Ichimoku cloud and has yet to reclaim the resistance area around 214.00 ā 214.30, indicating that the current rebound lacks confirmation. Notably, after the previous sharp decline, the price only recovered weakly and…
