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ProTradeSignals

From Strength to Strength: Trading GBPJPY Consolidation Zones

Long
British Pound / Japanese Yen (FX:GBPJPY)  
ProTradeSignals  
FX:GBPJPY   British Pound / Japanese Yen
Technical Indicators Trend Analysis Chart Patterns
6
2
indicator trendanalysis chartpattern
GBPJPY has been gaining ground, but recently experienced a pullback after reaching its rejection region of 166.00. Momentum indicators suggest bullish forces are still in control, and a clear close above the 200-day SMA could revive hopes for further upside moves, including a possible second bullish breakout from consolidation.
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