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Hi fellow traders,
There is a potential reversal for GBP/JPY at that current level, take your look at the depicted chart for more info about.
Looking at the GBPJPY pair, we can see it has now broken through the trend line & now retested the trend line. I now expect to see the pair to start moving higher.
If we look at the GBPJPY pair we can see it has been in consolidation. I would expect the pair to make a impulsive move after either touching the trend line, or the 61.8 Fib retracement.