russelldaily
Long

Will suport hold up the gbp/jpy?

FX:GBPJPY   British Pound / Japanese Yen
26 0 0
Price is sitting on a nice support shelf. Although we've had a lower high after many H/H and H/L, the pair does not seem to want to drop below this shelf of suport.

Although there is a Gbp/Jpy             butterfly in the making, the pair may retrace for a good R/R without nullifying the butterfly completion. To me, the present support is the immediate factor in price action.
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