FX_IDC:GBPJPY   British Pound/Japanese Yen
25 0 0
The confluences are clear. Broken the head/shoulder neck line and trendline . Retested the current resistance and formed a bearish pin bar in the 4hour. Price is bearish for the short term. However, take note of the major daily trendline which acts as resistance. We could see a rally when price approaches that level. In contrast, and a break below that level, we could expect price to plummet to 175.218 in the weekly support
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