GBPJPY: Market Structure & Technical Analysis

Hello traders, here is an analysis and breakdown of the GBPJPY Pair. Market structure is showing that price is retesting a previous strong demand level where price has rallied to the upside exponentially multiple times. If history repeats itself, its very likely that GBPJPY could rally again to previous Daily Resistance levels. Price ahs not yet made lower lows or higher highs yet, but has instead consolidated in a large range from 184-179. If retests previous highs this could potentially indicate a very large move up coming soon.

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