GBPJPY facing bearish pressure | 25 June 2021
GBPJPY holding below descending trendline resistance and moving average. A short-term intraday drop below our entry at 154.608 and 61.8% Fibonacci retracement towards graphical swing low support, 61.8% Fibonacci retracement, and our take profit at 153.830 could be possible. Stochastic is holding below descending trendline resistance showing that price is facing a change in momentum.
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