GBP/JPY Price Analysis: Bears sinking their teeth into what could be a fresh daily impulse By ross_burland GBPJPY Technical Analysis
is seeing the price attack the downside with the price correcting into a significant Fibonacci level as being the 38.2% ratio. This is a ratio that is renowned to act as resistance following such aggressive impulses. From a 4-hour perspective, the bears will need to clear the horizontal and counter-trendline supports before the price can freely ride lower.
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