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May 6, 2019

GBP/JPY Technical Analysis: Triangle breakout fails courtesy of risk-off

GBP/JPY closed at 146.36 Friday, confirming a descending triangle breakout on the daily chart. That bullish development, however, is no longer valid,

Having breached the 50-day and 200-day SMA support-confluence, WTI trades near the five-week low of $60.10 during early Monday.