This pair is at horizontal support and trend line support.

gbpjpy-d

We just did not get lower Bollinger band touch of break, which could be one more confluence to anticipate up move from here. So now we can expect that trend line and horizontal support intersection will be strong enough support, that price will not break it and proceed with down move (1). Other option is that those two mentioned supports will be broken and price will then retest them from bellow and proceed with down move (2). I would consider daily signal to enter the market.

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