GBPJPY has broken the support trendline prior to the JPY Monetary Supply data, which measures all the JPY in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates.
Technically the RSI is bearish and the pair has broken the ascending trendline of a corrective move in a bear market.
Technically the RSI is bearish and the pair has broken the ascending trendline of a corrective move in a bear market.