GBP/JPY Price Analysis: Bears need to break critical support of 153.83 By ross_burland GBPJPY Technical Analysis
are in focus and for now, the space between the 38.2% ratio and the 50% mean reversion mark is offering resistance:The wicks of the 28 December and 3 January daily candlesticks align and offer values of liquidity below the 21-day EMA, reinforcing the resistance potential. The 4-hour chart shows that the price needs to get below 153.83 where the dynamic support of the counter-trendline and horizontal support meet.
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