traderpulse
Short

GBP/JPY Technical analysis

FX:GBPJPY   British Pound / Japanese Yen
GBP/JPY is currently stalled in a descending triangle pattern.
The recent upsurge has been capped by the resistive trendline .
It faced rejections initially but now formed a follow-through bearish engulfing candle.
Hence, we expect the bears to hop in here and send the pair spiralling down to the support level of 143.833.
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