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Short

GBP/JPY Short term Outlook

FX:GBPJPY   British Pound/Japanese Yen
165 0 4
GBP/JPY             has broken major support 177 and decline till 175.48 cannot be ruled out.

Intraday bearish invalidation can happen only above 177.80. On the upside above 177.80 will extend gains till 178.36/179.

Indicators (1 Hour chart)

CCI (50) - Sell

CCI (14) – Sell

Ichimoku - Sell

Recommendation: Sell GBP/JPY             around 177.20, SL 177.85, Target 175.50.


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