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GBPJPY Price Action Breakdown
GBPJPY has formed a new high and price looks to be in an uptrend. There is a possibility that price may retest the level of support around 156.08 where price broke out from, before continuing the bullish trend. This move might take place during the London session and then the bullish move might start during pre-NY session.
1.Price is currently in an uptrend and respecting the 200EMA
2. Price formed a new high
3.A level of support has been formed for a possible continuation
4. If price breaks above 156.73, price could continue to the daily level of resistance & then 157.10
5.If Price begins to break its lows, there is a chance that price can retest the level it broke out from
1.Price is currently in an uptrend and respecting the 200EMA
2. Price formed a new high
3.A level of support has been formed for a possible continuation
4. If price breaks above 156.73, price could continue to the daily level of resistance & then 157.10
5.If Price begins to break its lows, there is a chance that price can retest the level it broke out from
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