GBP/JPY has been bullish since late 2016 when price bounced off of the 126.15 area. From that low, the pair has reached 156.00 in the beginning of 2018.
While this might sound like a bullish trend, the weekly chart below shows that this could have just been a consolidation within a longer-term bearish trend that started in 2015, with price falling from 196.
GBP/JPY Signals Long-term Bearish Continuation
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