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GBJPY - KEY DIRECTION INDICATION

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is sitting at a very strong level after a very clean bull run. If it breaks above this channel, it has a clear run up to 164.
If it fails, I can see it retracing to the bottom of the channel where we had a strong support.

What do you think will happen?

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