- GBPJPY has reached a once broken support now turned resistance area.
- We shall see how price reacts to the resistance area. We could see a minor pullback from the resistance area or we could see a breakout from the resistance and retest of the resistance.
Comment
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1. Price broke the previous lows 150.400. 2. Price is now back retesting the area of resistance of 151.200 to 151.400 3. Analysis is still in plays.