CHARTVIPER

GBP/JPY is approaching the support line of a Channel Up pattern. We anticipate either a breakout through this line or a rebound.

A potential bearish move in GBP/JPY
GBP/JPY is heading toward the support line in a Channel Up pattern. If this move continues, the price of GBP/JPY could test 207.6228 within the next 22 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

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