GBPJPY POTENTIAL SELL
Updated
Price has currently hit a strong weekly resistance level, due to this reason we feel price could drop, also we can see a potential head and shoulders formation forming, we could initially see price move bearish to the 38.2% fibonacci level retrace up to trend line then move down towards our target area of 159.568 our daily support area and 50% fibonacci level.
Trade closed: target reached
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