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Mihai_Iacob

GbpJpy outlook

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Mihai_Iacob  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns GBPJPY gbpjpylong
9
2
trendanalysis indicator chartpattern gbpjpy gbpjpylong
After the bullish engulfing candle formation on 22 June, GbpJpy formed a double bottom with a morning star as a second bottom.
132 seems to be very strong support and once the neckline of the double bottom is broken the pair could accelerate gains to 136.50 resistance.

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GbpJpy outlook
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