How to Profit from GBPJPY Trading Today

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Market growth continues inside the green and yellow channels. The price came close to the lower bound of the yellow channel and now we are watching whether the yellow wall can withstand the pressure of the bears.

If the bears are weak and give way to the bulls, the yellow wall will rebound. In this case, the market will expect growth to the upper green bound and the resistance level of 149.63.

However, if the bears manage to break below the support level of 143.23, then the path to 139.94 will be opened for them, this level is on the lower green border.

Let’s continue to observe how the market will behave near the level of 143.23!


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