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GBPJPY analysis 29.01.2020

The currency pair is trading in the support level range of 141.15. Stochastic Oscillator indicator signals oversoldness. Breaking through the price pivot zone of 142.35 will result in the formation of an ascending pattern 123.

Trading recommendations:

Buy above 142.35.

Stop loss – 141.15.

Target levels: 143.20; 144.40.

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