GBPJPY – Major Support Coming Up
After breaking through the first support level at 158.45, the pair has now closed for its 3rd bearish day in a row and seems to be tempting a 4th. The next place bulls will look to get long will be 156.65 which is where the daily 20ema is lining up, along with a critical support level. If the price action slows down leading into the lower time frame charts, look for an intraday price action setup at the level to get long with tight stops below. Upside targets would be 158.30 and 159.90.
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