GBPJPY DOWNSIDE BEARISH PATTERN

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GBPJPY has been stuck consolidating at a key resistance point with 61.8 fib confluence. Price is currently forming a descending triangle pattern and if price breaks and closes below the supporting trendline we could see further downside into the 127.2 Fib extension of 142.70. This market could be prone to downside due to Brexit risk, especially on December 11th where parliament will vote on PM May Brexit agreement.