Wait for Conformation - GBPJPY

Awaiting conformation for GBPJPY. Price is currently turning into a strong push towards a fairly strong support zone. This could indicate that a reversal is happening. However, we should wait for conformation as the price could break the local support zone and head to the downside, hence the red arrow. Price is also currently running below both the 50 EMA and 200 EMA slightly, which indicates a short bias. Keep an eye out as there will be updates on this pair. GBPJPY