Technical analysis of EURJPY
GBPCAD has been consolidating
On H4 of GBPCAD, the pair has been trading sideways. It gives traders an opportunity to wait and enter the market at good levels. If the pair breaks above 1.6028, we can anticipate a further rise towards 1.6061. Otherwise, if the support at 1.5968 is broken, the pair will move down. The short may be anticipated at the level of 1.5926. The target will be placed at 1.5886.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
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