GBP/JPY Technical Analysis
We have not broken down through the major support level underneath, at least not at the time of this writing. If we were to break down below the ¥144 level rather significantly, that opens up the door to much lower pricing, perhaps down to the ¥140 level. Otherwise, if we were to bounce from here and clear the ¥145 level, then I think we could go to the ¥148 level. That would be a return to simple consolidation on the whole.
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