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FxWirePro

GBP/JPY struggles to break trendline resistance,targets 155

Short
British Pound / Japanese Yen (FX:GBPJPY)  
FxWirePro  
FX:GBPJPY   British Pound / Japanese Yen
7
1
Major resistance -158.5

Major support -157.20

GBP/JPY has made a high of 158.54 on Friday and started to retreat from that level. It is currently trading around 157.11. Short term trend is still bearish as long as resistance 158.50 holds.

It is good to sell on rallies around 157.25-30 with SL around 158.50 for the TP of 155/154.70
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