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GBP/JPY Technical Analysis: Bullish Reversal Confirmed

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Double Trendline Rebound:
Price has bounced decisively from the confluence of:
  • Daily trendline support
  • Weekly trendline support

This confirms the trend has changed from bearish to bullish

Trading Opportunity: False Breakout Setup
Wait for a false breakout above next blue resistance zone (marked on chart)
Stop Loss: Below the pullback
Take Profit: Next blue resistance zone

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