Weekly Technical Analysis of Gbp-JPY

The Japanese pound fell due to the increased demand for the Japanese yen and fears of the presentation of the British budget plan this week as well as the crisis of Corona and oil

Technically the husband is bearish, as was the case with our analysis last week, which we recommended to land

The pair now targets 131.30 as the first target - then 127.15 as the second target

Purchase will be from 131.30 first support - then 127.15 second support

With the necessity of maintaining a suitable stop loss for both deals

The general trend is to the downside until the above mentioned support levels