GBPJPY weekly analysis

weekly chart
price still failed to break previous resistance levels (see yellow circles)
and remains in consolidation mode
212.30 and 209.80 become critical resistance and support levels in smaller TFs
candle patterns indicate diminishing bull strength
however, breakout on the downside is still required for trend reversal confirmation
once confirmed, price might retrace to 203.20 (fibo 50% level)


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