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Short-term Top in Place for GBP/JPY?

posted by Avatar fx360 1083 days ago in JPY, GBP, Daily made popular 1083 days ago

The GBP/JPY may have established a short-term top around 160.45 based on bearish AB=CD pattern completion near 161.8% resistance (see daily). There is still a bit of room down to 38.2% support (153.79) of the most recent swing high, which typically represents an initial profit target. Prices may first rally/retest this recently established
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