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British Pound / Japanese Yen
Short

GBP/JPY fails to break key level, price could fall to 162.70

197
GBP/JPY has failed to break the local resistance at 166.31 and currently, price has pulled back quite strongly from the key level.
We could see more fall in GBP/JPY if the current trend persists. I would be looking to sell if price reaches the resistance level
and target the 162.70 level as my TP
YourLazyTrader
Beyond Technical AnalysisChart PatternsGBPJPYgbpjpyanalysisgbpjpyforecastgbpjpypredictiongbpjpyshortTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisChart PatternsGBPJPYgbpjpyanalysisgbpjpyforecastgbpjpypredictiongbpjpyshortTrend Analysis
YourLazyTrader

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.