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GBPJPY: Bullish continuation. 1D MA50 in full support.

Long
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
InvestingScope  
FX_IDC:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY Forex GBP jpy gbpjpytrading forextrading britishpound japaneseyen
3
0
trendanalysis chartpattern indicator gbpjpy forex gbp jpy gbpjpytrading forextrading britishpound japaneseyen
GBPJPY is almost overbought on its 1D technical outlook (RSI = 69.343, MACD = 1.720, ADX = 59.150) and is extending the bullish wave inside the 16 month Channel Up. The overbought technicals shouldn't be a factor for a bearish reversal as long as the 1D MA50 continues to support. We are confident with buying, aiming at the top of the Channel Up (TP = 208.000).


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