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OraibUK
Nov 27, 2016 9:08 AM

GBPJPY Sustained moves towards highs Long

British Pound/Japanese YenFXCM

Description

GBPJPY is benefiting a lot from JPY yield curve approach of BOJ and the resulting depreciation of Yen. On other hand, GBP is only pair in G10 which has so far maintained its momentum against other G10 pairs. This fundamental supports that GBPJPY can easily approach its TP1 and TP2 in Dec. Its a 200+ pips chance to grab for your Dec vacations.
Comments
eprofit168
I think will go to 143 then reversal.
OraibUK
@eprofit168, Probably, but reversal will occur around 144 zone
Pivot_Panther
Good fundamental points mixed in with valid technical points. Happy Holidays!
OraibUK
@Pivot_Panther, Thanks. Happy Holidays too!
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