GBPJPY climbed from 126.50ish to 148.38, now consolidating around 38.2 fib level where a triangle has been formed. Descending trend line along with strong support base. It is typical in situations like this for price to break to the downside, however the support at this level looks strong.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.