So, after 4 days of consolidation, the pair break the support trendline and drop to 150.48 before closing the week at 150.99. I added a trendline since my last post. On daily TF, we can see that the 23.6% Fibonacci level proved to be a strong resistance. The breakout also give assumption that the pair would have another move to test the support levels (see D1 chart).
GBP/JPY H1 Chart
GBP/JPY D1 Chart
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