Bullish pennant occurence on GBP/JPY

Note: This section contains information in English only.
Source: Dukascopy Bank SA




A possible bullish pennant could lead to higher price levels for GBP/JPY. The resistance at the 195.8500 price level must be broken to confirm forward momentum. There is a high probability of a downside move towards 194.8000 before moving upward.

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