GBPJPY Breaks A Five Year Support Level

FX_IDC:GBPJPY   British Pound / Japanese Yen
An arguable double top has formed at the yellow line, which also indicates a 618 Fibonacci retracement level failed four times, showing strong supply or resistance. Targets 1 at 178.550, target 2 at 177.580, and target 3 at 176.800. Also waiting for a break of the RSI trend line to indicate the direction of sentiment.


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