GBPJPY - an interesting tool, it is quite volatile and technically beautiful "walks".If not for the recent events related to the British pound, which changed the picture on the chart of this pair - the schedule has shrunk. If the first drop is directly related to the referendum on withdrawal from the EU, the second is not because of some factors, and fear of EU output consequences, and this did not happen in the European session, in which a large proportion of the British pound trading, and Asian .
But, despite these factors, the tool continues to be "tasty morsel" for financial speculation.
The currency pair is reduced from August 2015. Moreover, this decrease occurred rapidly enough, if you look at the chart, we can say that this drop occurred at 45 degrees, and without strong corrective movements. How to decrease and increase the tool may not always need to rest. Price at the moment almost came to their minimum values of 2009, 2011 and 2012 to a range of 120,00-122,00.
Now the pair is consolidating practically in place, I do not show any preference in both a reduction and an increase. Proposed further action - a reduction to 122,00-123,00 within the boundaries of the next two weeks.
According to the materials of Alpari
