GBP/JPY: 'Thorn' pushing price lower

GBP/JPY: 'Thorn' pushing price lower

There's a bearish 'Thorn' pattern, which has been formed under the Moving Averages. Thus, the pair is likely going to achieve the nearest support at 139.42 - 138.13. If a pullback from this area forms little later on, bulls will probably try to reach the closest resistance at 141.00 - 141.72.

22-5-2019-GBP-JPY-H4.png

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