Hello traders as we can see on daily timeframe that GBPJPY is about to test strong resistance area. Previously it bounced off quite strongly from this area down to 138.500 price. Now it is about to test same resistance. If price is unable to break this price 140.700 or 141.300 we will see another downside because there we also see fib levels 50% and 61%. But if it breaks it can go unto 143.00 area and test another strong resistance.
Traders if you liked this idea let me know in the comment section below.
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