GBP/JPY Price Analysis: Bears waiting on a break of 154.45 By ross_burland GBPJPY Currencies Technical Analysis BOE
that meets with the 61.8% and 50% ratios. This could equate to a firm area of resistance and if so, bears will start to monitor for bearish structure on the lower time frames as follows:Should the price manage to break the current support block, then there will be expectations of a drive to the downside and below the dynamic and horizontal support as illustrated above. 154.45 is ket in this regard.
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