How is GBPJPY doing right now?
In plain terms: GBPJPY is 12.7% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.
Right now GBPJPY — GBP/JPY — is in a moderate correction, down 12.7% from its record high. Last price: $218.38. Corrections in this band are common during macro repricings (rate scares, sector rotations, earnings shocks). The question is whether the cause is durable or transient.

