GBPJPY weekly analysis
category:
Daily analysis,
Support and Resistance
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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