GBPJPY 2hrs Analysis
GJ has been in an extended uptrend for a long time has tested the ascending trendline a couple of times which has served as a support to the uptrend. After the impulsive movement last week, price is presently cooling off. A break below the minor support and trendline could indicate a trend reversal to be bearish. However. if price breaks above the upper descending minor trendline, that could indicate a bullish continuation.
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