GBPJPY likely to rebound

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY currently sits at the support of the upward sloping trend line suggesting limited downside potential, it ended in a small doji candlestick formation on Friday supporting the above observation. RSI has risen slightly supporting the above observation and indicating further upside potential. It is likely that GBPJPY could rise towards 150.25 and 150.90 while it sustains above 148.85.

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