EURGBP potential for short pullback! | 25th Oct for FX:GBPJPY by desmondlzw

Prices had been abiding to an ascending trendline. We spot a potential for pullback from our pivot at 156.825 in line with 127.2% Fibonacci extension and graphical overlap towards our Take Profit at 155.963 23.6% Fibonacci retracement and 61.8% Fibonacci extension which is also a graphical swing high. Technical indicators are showing bearish momentum.

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