If the FTSE does continue to slide in price then we could see a strengthening of GBP so a possible build up of orders at around the 1.3200 area, and an arera which has previously been a supply zone.
First of all , I've mapped out the support and resistance's and there is a clear bearish movement, its reached one of the support at the
151.835 key level , we should be seeing a retest pushing back towards the resistance and we should hopefully see it drop down to the 151.183 key level! FX:GBPJPY
As seen on the chart the Teresa May's Brexit comments drove the GBP down and we clearly can see a bearish triangle formed right now
https://uk.tradingview.com/x/EXw8RXJz/
