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Title: GBP/JPY intraday: bearish under 229.50 Summary:

Update on supports and resistances. Story: Pivot: 229.5

Our preference: Short positions below 229.5 with targets @ 228.2 & 227.5 in extension.

Alternative scenario: Above 229.5 look for further upside with 230 & 230.4 as targets.

Comment: the pair is challenging a ST rising trend line.
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Just read your post here. I had two posts referencing these numbers/fib levels. They are post #54647, which showed a chart with it, and post #54691. Hope this helps anyone still wondering why price is in limbo. Even if price shoots down from here a bit, I think it will hit at least the 50 Fib at 231.30, unless it falls all the way down beneath 224.77 before then.

M2B
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