For today's analysis on the GBPJPY since we can see that the price located below the level 187.18 colored in red which can be considered a resistance point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bullish saturation as its last signal.
down in this situation targeting the next MBFX level located at the support of the price 186.83 which could be our primary selling target and if it kept going on the same pace then the support located at 186.27 could be considered as our secondary target but in case the price breaks the level 187.53 then this would be the time to start thinking about buying orders as the price will stop heading down![]()