GBP/JPY on H4 graph shows a dynamic breakout from bearish channel which is now re-tested and price is also testing resistance in the 143.25 area. There is a supply reaction here, indicating the likely continuation of declines. We can consider option PUT.
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CAD/JPY – on H4 chart since end of July continues uninterrupted declines. There is a correction now, which stops at the resistance set by previous extremes. All indications are that soon price will go down to new minima. In this context, consider PUT option.
