Nearing a critical support level! *S/R*

FX:GBPJPY   British Pound / Japanese Yen
167 2 4
Explanations are on the chart, very cut and simple. Will keep updated with intra-day             charts.
Update: No trade taken yet. Key level to watch for a break above would be 178.00. Other than that, price has to break 176 for any real short positions to be taken.
Update: P/A is testing resistance. Monitor for a break and restest of the resistance level.
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