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YourLazyTrader

GBP/JPY at minor resistance, is a pullback on the cards?

British Pound / Japanese Yen (FX:GBPJPY)  
YourLazyTrader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction
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trendanalysis chartpattern beyondta gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction
GBP/JPY has reached the minor resistance level at 163.75 from where we could see a potential pullback.
However, that depends if we see a bearish price action in the resistance level that I have highlighted in my chart.

If we can see some bearish candlestick in this level, then GBP/JPY could slide back to 162 level. On the other hand, if
price breaks through the minor resistance with strong bullish candle, then GBP/JPY could rally to 165 and beyond.
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