Currently on GBPJPY on the weekly timeframe price has recently taken out the previous weekly high and closed below it, and on the daily timeframe price also took out the previous candle range high and closed below it also indicating a strong resistance level that will help to distribute price to the downside, to take out the PREVIOUS WEEKLY LOW.
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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.