Will GBP/JPY fall to 178?Let's analyze the daily chart
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Hello everyone, GBP/JPY made yet another attempt to break the resistance level yesterday but the attempt was not successful.
📌Price has already fallen more than 100 Pips today. If the daily candle ends today with a bearish candlestick pattern, we can expect further fall in GBP/JPY.
📌183.46 is a moderate support level which if broken, would open the path towards 178.
📌My recommendation is to sell the rallies in GBP/JPY.