Contributors Technical Analysis GBP/JPY Hit Another Downside Target

GBP/JPY Hit Another Downside Target

The GBP/JPY has finally reached the 148.46 horizontal support as predicted. Is strongly bearish on the short term, a valid breakdown will announce a further drop and will bring us a great selling opportunity. The next major downside target will be at the first warning line (WL1) of the ascending pitchfork.

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