Contributors Technical Analysis GBP/JPY Selling Opportunity?

GBP/JPY Selling Opportunity?

Price rebounded and now is retesting the broken red uptrend line, a valid breakdown will validate a further drop. Technically is expected to drop further after the failure to reach the down red sloping line and to stay above the warning line (WL1). A further drop will be confirmed if will decrease again after the minor rebound. Will drop quickly if will stay below the median line (ml) of the minor descending pitchfork.

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