GBP/JPY on it's way to 179 level. More decline ahead

Hello traders, ever since GBP/JPY was at 185, I had recommended
selling with a target of 179( previous GBP/JPY ideas attached below).

📌Currently, the price action is quite bearish even in the hourly chart.

📌GBP/JPY is unable to go above the 100-hour moving average which is
a bearish signal. In fact, every time the price pulls back to the 100H EMA,
we see further drops.

📌Based on the above factors, GBP/JPY is all set to fall to the 179 level
in the coming days. My recommendation is to sell the rallies in GBP/JPY.

הערה:

I would be looking at the 182 level to see we can get bearish PA on the hourly chart
before going short.