Contributors Technical Analysis GBP/JPY Further Drop Favored

GBP/JPY Further Drop Favored

Price has come back to retest the uptrend line (red line) to confirm this resistance (support turned into resistance) and to validate a further drop in the upcoming weeks. GBP/JPY could climb even towards the upper median line (uml) of the minor descending pitchfork before will drop again. The next downside target will be at the WL1.

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