The GBPJPY adhered closely to a significant weekly resistance level before forming a cup and handle pattern on the hourly chart and breaking below its neckline.
This suggests a potential decrease in price, possibly down to 205.00 and then 204.8.
This suggests a potential decrease in price, possibly down to 205.00 and then 204.8.
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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.