After testing the support line numerous times, GBP/JPY is once again approaching this line. Can we expect a bearish trend to follow?

Possible breach of support level by GBP/JPY
GBP/JPY is heading towards the support line of a Channel Up and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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