GBP/JPY Price Analysis: Bears move in on critical hourly support By ross_burland GBPJPY Technical Analysis
e downside given the loss of momentum in the correction. The following illustrates the bearish perspective and structures on both the hourly and 15-min charts. shows that the price is retesting the counter trendline where bears would anticipate supply guarding a break back into the rising trend. The prior lows of 156.70 held as resistance and the price has since fallen sharply into the current lows near 156.25.
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