1. Downtrend.
2. Market is testing a horizontal resistance level around the 153.500 area.
3. Market is testing a Supply zone that was not tested before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.
Chart PatternsDemand ZoneGBPGBPJPYjpySupply ZoneTrend AnalysisVolume

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