The pair is trading below the broken support at 132.00 and retested the level today - an ideal and correct test - and it is now in the process of a negative attack again, reaching 128.10 - 127.10 levels, which represents the next major support. In a comprehensive look at the Japanese pound, it is trading in a bearish trend since February and March 2020 and started the correction in mid-March until now. The resistance formed 135.20 and retested it, breaking the above mentioned support.
The pair is permanently below the 132.00 level, it is for sale only down to 128.10 and any correction below 132.00 and above 128.10 is another opportunity to sell while maintaining the stop loss above the 132.00 level by breaking and closing above
