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GBPJPY analysis 17.07.2020

GBPJPY

The overall trend is upward. The level of 133.94 (50% Fibo) is holding back sellers. The pair is trading in the range of 365 and 135 moving averages. A breakout of 134.90 will result in the formation of an ascending wave pattern within the overall uptrend.

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Trading recommendations:

Buy above 134.90.

Stop Loss: 133.94.

Target levels: 135.16; 135.83; 137.39.

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