Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in GBPJPY .
However, is there a chance of a relief rally in GBPJPY?
We can see that the price is now in the 142.80-143.10 area. In the past, this area has acted as a REVERSAL point for GBPJPY .
So, it's important to analyze how price behaves in this area.
Upon PRICE ACTION, traders can look for BUYS at 142.80-143.10 with SL below 142.60.
TPs can be set at 144, 145.20 and 147 respectively.
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