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J.J. Edwards’ Expert Market Analysis at FenzoFx


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GBP/JPY Dips in Tokyo & London—What’s Next for Price Action?

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FenzoFx—GBP/JPY dipped from 194.6 during the Tokyo and London sessions, now trading around 193.1. Price is testing support near the May 27 low, ahead of the New York session.

A bounce from 193.0 could push GBP/JPY toward 193.5, with a bullish wave possible if price closes above that level, targeting 194.6. However, stabilizing below 193.0 would invalidate this outlook, with the next bearish target at 192.5.

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Litecoin Consolidation Nears End—New Downtrend Ahead?

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FenzoFx—Litecoin's consolidation near $91.0, marking 50% of its previous bearish leg, may be nearing its end as a long-wick bearish candlestick forms on the 4-hour chart.

Key support lies at $88.7, and a close below this level could trigger a downtrend targeting $87.00 and $86.00. The bearish outlook remains intact below $92.39 resistance.

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