GBP/JPY Technical analysis

FX:GBPJPY   British Pound / Japanese Yen
The GBP/JPY has been constantly forming a bearish flag and extending its downtrend.
Now the pair has again formed a bearish flag .
As per our analysis,once pair the breaks out below the trend line ,we can expect the downtrend.
On the contrary,if it makes a bullish crossover above the resistance,we can expect short covering from the bears.


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