GBP/JPY breaking down short-term range support

Range: The 1H GBP/JPY hart shows a market that has been ranging since it found resistance at 156.76. It has ranged roughly from 154.90 to 156.76 since May 9. As we get into the 5/23 session, price has been anchored in a falling channel and is threatening to break down the range support. Momentum:…

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