The GBP/JPY price is currently testing a trendline as it continues to decline. The trendline is serving as a key indicator of the pair’s movement in the market. Traders are closely monitoring this trendline to determine potential future price movements.
The GBP/JPY pair has been sinking in recent trading sessions, with the trendline acting as a resistance level. This suggests that the pair may continue to move lower in the near term. Traders are advised to keep a close eye on the trendline to gauge the direction of the GBP/JPY price.
Overall, the GBP/JPY price prediction is bearish as it tests the trendline and continues to decline. Traders should be cautious and consider this trendline as an important factor in their trading decisions.