After last weeks move downwards (as predicted) I am now expecting a short-term bounce (1-Day) off the current support level to create a "Relief Candle" (also known as a pullback) before continuing downwards. As we know, next week is a big week for the GBP as the parliamentary vote is in place so be wary of this is you are planning to enter. If market gaps up, I would expect it to continue the move up for the day which'll give shorts an entry.
bounceChart PatternsGBPJPYLONGshortsupportTrend Analysis

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