GBP/JPY to the Downside? Broken Bearish Structure
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the Ascending Channel.
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🔸After that, we can observe that has been consolidating on a corrective structure that has been recently broken to the downside.
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🔸 The first bearish target of this move is the Support Zone at 132.00. Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Daily Resistance Zone.
.
🔸It has broken the Ascending Channel.
.
🔸After that, we can observe that has been consolidating on a corrective structure that has been recently broken to the downside.
.
🔸 The first bearish target of this move is the Support Zone at 132.00. Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
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