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YourLazyTrader

GBP/JPY fails to break key level, price could fall to 162.70

Short
British Pound / Japanese Yen (FX:GBPJPY)  
YourLazyTrader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast
12
7
trendanalysis chartpattern beyondta gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast
GBP/JPY has failed to break the local resistance at 166.31 and currently, price has pulled back quite strongly from the key level.
We could see more fall in GBP/JPY if the current trend persists. I would be looking to sell if price reaches the resistance level
and target the 162.70 level as my TP
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