GBP/JPY- Bearish pause ahead of key support

• GBP/JPY continues to weaken after the break of the key support at 172.38, as can be seen by the break of the rising channel. However, prices are now close to the strong support at 169.51 (see also the rising trendline and the 200 day moving average). Hourly resistances can be found at 171.92 …

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GBP/JPY- Bearish pause ahead of key support

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