is the gbp/jpy pair strong enough to breakthrough support after being tested multiple times in previous days? well, I think that it could, after the breakout of the previous downtrend price got into a bullish momentum in previous days making higher highs and lower lows until it lost that momentum and started forming a range pattern. As we notice support and resistance has been tested multiple times with both sellers and buyers having a go at each other, at the moment support is being tested once again but are the bears of the market powerful enough to breakthrough support?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.