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GBP/JPY Testing 145.00 Support, Short-Term Rally Potential

posted by Avatar fx360 1105 days ago in JPY, GBP, Daily made popular 1104 days ago

The overnight GBP/JPY sell-off has lead to price consolidation this morning at prices test 50% daily Fibonacci support (144.94) in addition to a bullish 30min AB=CD pattern completion (144.87). More recently, a double-bottom has completed at this level leaving the door for at least a short-term rally to Fib resistance as noted on the 30min chart
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