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GBPJPY tumbles lower, and snaps back higher. What now?
The GBPJPY rotated to the downside yesterday, and in the process moved down toward the rising 100 hour moving average along with a upward sloping trendline (see post from yesterday). The price stalled near those levels into the close. In the early Asian session, the pair broke below the level and consolidated for a few hours before pushing lower with more momentum.That momentum also took the price of the GBPJPY below the 200 hour moving average (the green line in the chart above). That break wa...
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Posted: Apr 21 2023, 16:00
Author Name: forexlive
Views: 110235