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GBPJPY - A steady rise

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The GBPJPY reached our target, so the price needs positive momentum to stabilize above the resistance level of 200.590. If the price stabilizes above this level, a high level will be available, like 201.488.

But given that, before ascending, it may face a correction until 200.653, be careful of any stabilizing under 200.200. By closing the 4H candle, the bearish trend will be active.

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