Trade of the day: GBPJPY

The GBP/JPY is technically setting up for a push downwards on the short term. Price has found resistance at a confluence area between the 150.00 and the 150.25 price levels (highlighted in grey) [see m15 chart]. A break below the near-term support at the 149.700 zone (highlighted in sky-blue) would further consolidate this bearish momentum.

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