Title
GBPJPY H4 | Bearish continuation

Type
Bearish Breakout

Preference:
GBPJPY is on a downtrend, it could break below the pivot at 189.034, the swing-low support that aligns with 38.2% Fibonacci retracement. From there, it could continue to fall to 1st support at 187.424, the overlap support which aligns with 61.8% Fibonacci retracement

Alternative scenario:
Price might rise to the 1st resistance at 190.008, the swing-high resistance.

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