GBPJPY breaks the up trend correction

The British Pound is in a long term down trend and will continue this trend to the next Monthly support level of 144.000. There is some financial data coming out today for the Yen and the Pound, so I expect price to move a lot today.

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Even though Japan had some great financial numbers price made a jump up because of US dollar weakness. A move down is still on the cards. First we have to reach the support level of 143.000 after price breaks that the next target is 140.000.