Contributors Technical Analysis GBP/JPY More Downside In View

GBP/JPY More Downside In View

Price increased a little and retests the 148.46 static resistance. GBP/JPY is somehow expected to drop further on the short term after the failure to stay above the 250% Fibonacci line (ascending dotted line). The next downside target will be at the WL1of the ascending pitchfork.

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