GBP/JPY Price Analysis: Bears are flexing at key hourly support By ross_burland GBPJPY Technical Analysis
The cross is on the verge of a breakout on the hourly time frame.
. The following illustrates the daily chart and hourly chart's structure and prospects for a move lower in the coming sessions to attack the support at 159.60 that would need to give out.The daily chart is stacking up to be a downside continuation so long as the current resistance holds. As per the prior analysis from the New York session, the price has engaged with the hourly support and is correcting:The price has corrected to a 38.
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