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traderpulse
May 2, 2019 12:41 PM

GBP/JPY Technical analysis Short

British Pound/Japanese YenFXCM

Description

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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