gbpjpy facing tough levels at 147.900

On the verge of the descending channel for several candles now. The last candle is pushing up. The price level seats around Fib. 50% from the longer trend. It looks like if it should continue to reach the channel's support, however, it is testing the resistance.
The Stoch is high also flirting with a move down.

Chart PatternsSupport and ResistanceTrend Lines

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