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Short

GBP/JPY faces resistance at 162.80, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
244 0 7
Major resistance - 162.80

Minor support - 161.30

Mjaor support 160.50 (200 day 4 HMA )

Short term trend reversal only above 162.80

It is good to sell on rallies around 161.85-90 with SL around 162.80 for the TP of 160.50/159.50
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