GBPJPY Chart Technical Outlook

GBPJPY Chart Technical Outlook on H3 time frame we have H&S pattern in projection. The GBP/JPY cross remains under heavy selling pressure for the second successive day on Thursday and retreats further from its highest level since August 2015, around the 190.00 psychological mark touched earlier this week. The downward trajectory picks up pace in reaction to the disappointing UK GDP print and drags spot prices to the 188.30 area, or a multi-day low during the first half of the European session.

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