Tickmill
Short

GBPJPY testing resistance, potential drop!

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is testing its resistance at 146.10 (horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 144.95 (78.6% Fibonacci retracement ).
Ichimoku cloud is showing signs of bearish pressure which contributes to our bearish bias.
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This analysis is provided as general market commentary and does not constitute investment advice.
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