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GBP/JPY Price Movement For June 23, 2020

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Having touched the Daily Bearish Orderblock of 133.47 according to the 4-hour chart, the GBP/JPY pair seems to be halting its upward movement. It is now trying to reach the 131.74 level as the nearest Liquidity Pool will be purged as long as the pair does not retrace upwards and closes above 135.11. Then, 131.74 is viewed as the target for this pair.

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The material has been provided by InstaForex Company - www.instaforex.com