GBP JPY Retracement
I was playing around with the fib retrace and realised historically, each time the RSI reaches below 30 on the daily, we see at leat a 38.2 retracement from the previous high. Also, with the major head and shoulders forming, I believe this could be the end of the bearish momentum that has been pressuring this pair for the previous weeks. Of course some fundamental factors could implicate this price, so please keep that in mind.
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