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GBP/JPY Technical Analysis.

FX:GBPJPY   British Pound / Japanese Yen
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The GBP/JPY initially rallied during the trading session on Monday, but then plunged into the ¥130 level. This is an area of support zone but considering that markets are trading on technicals at this point, it’s about the global fear index. So as the price is trading in its support zone , If it breaches the small resistance level at 133.41. Then price may enter into a new upward trend and then its first target will be 136.15.

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