GBP/JPY: 'Double Top' led to decline

2019-05-15 20:00    FBS

The market has been declining since the last 'Double Top' formed. Also, there's a bearish 'Pennant' pattern, so it's likely that the market is going to reach the next support at 140.61 in the coming hours. The subsequent pullback from this level could lead to an upward correction towards the nearest resistance at 142.40 - 142.72.

GBP/JPY: 'Double Top' led to decline Institution Opinions

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