Contributors Technical Analysis GBP/JPY On A Declining Path

GBP/JPY On A Declining Path

The downside momentum was paused by the median line (ml) of the minor descending pitchfork. Now could come back to retest the upper median line (uml) before will drop much deeper. We may have a selling opportunity if will retest the broken 150% Fibonacci line (ascending dotted line), the next downside target will be at the uptrend line.

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