GBP / JPY Price strongest level 178.10 – 178.50 – possible rebound

Now the pair test the strong resistance level between 178.10 where you will meet and MA50 and 178.50 – 23.6 Fibonacci. When rebound will likely see a new bearish momentum testing 177.10 and 176.45 in extension.

Alternative scenario: When you break the 178.50 – look for possible long as the correction is likely to deepen to 38.2 Fibonacci level at a price of 179.70.

Britain began election debates and finds advantage the ruling party and the better economic data today from the country boosted the pound.

CCI continues to move in the negative zone, while break below the level -100 – signal a new Short.

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