Contributors Technical Analysis GBP/JPY Drops As Expected

GBP/JPY Drops As Expected

Price is expected to drop further on the Daily chart after the retest of the broken red uptrend line, the next downside target will be at the first warning line (WL1) of the major ascending pitchfork. Could be attracted by the confluence area formed at the intersection between the lower median line (lml) with the WL1.

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