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SusmitBanerjee
Dec 16, 2017 4:52 PM

GBPJPY Medium term Buy Setup Long

British Pound/Japanese YenFXCM

Description

The pair is likely to extend gains towards 157 by holding above 147 ahead of turning lower in coming 1 to 2 months.
Comments
Jamal92
GBP is weakening throughout the board. I am expecting it to hit 147 or around 146 (around the trend line). The negotiations of brexit has shifted to the 2nd stage which will weaken the pound until a resolution has been made which will shoot this pair similar the Septembers movement of around 400-500 pips.
SusmitBanerjee
@Jamal92, Lets see how it plays out in the coming weeks
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