The first one on my list is GBPJPY. from weekly timeframe perspective, the golden horizontal line represents a very strong support that price has historically reversed from multiple times. last week, price broke out of the daily trendline and rallied straight down as analysed, now we might experience some deep retracement on daily timeframe back to 50% fib level before price continues on a downtrend.
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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.