GBP/JPY: beautiful zone-to-zone trading. Deeper drop is expected
As it can be inferred from the graphical illustration, the price has nicely completed the "impulse+correction" pattern. A nice top is being formed at the area of previous support now turned resistance that lines up with 50% Fibonacci retracement level. We are expecting for bearish moves to kick in and drive the price all the way down till the area of 149.3 major support.
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