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GBPJPY facing bullish pressure, potential for further upside!

Long
British Pound / Japanese Yen (SAXO:GBPJPY)  
TradeGATEHub  
SAXO:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY gbpjpylong
46
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trendanalysis harmonicpatterns chartpattern gbpjpy gbpjpylong
Price continues to hold above the ascending trendline support and Ichimoku cloud, showing bullish pressure in line with our bullish bias. We could potentially see a bounce at our ascending trendline support and 1st support at 143.376, in line with our 38.2% Fibonacci retracement and 127.2% Fibonacci extension, and a further push up towards our 1st resistance level at 144.102, in line with our 100% Fibonacci extension and horizontal swing high resistance.

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