GBPJPY Chart Technical Outlook dips to find buyers after a three-wave correction, support at 189.30
The daily chart has a Morning Doji Star pattern posted. This formation is often seen at the base of a trend and the start of a new upward bias.
The intraday chart highlights the completion of a Crab formation at 203.78. That would suggest we are trading lower within the mixed and volatile BC leg of the cypher pattern. It is common for corrective formations to be in 3 legs. Intraday support is located at 189.30.
Conclusion: there is ample scope for a deeper downside correction. We look for tips to find buyers.
