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- Nov, 20 GBP/JPY Classical
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GBP/JPY – The market seems to be trading with a heavy tone and could be in the process of carving out a medium-term lower top by 153.20 ahead of the next major drop back towards the recent range lows by 140.00. However, we retain a neutral outlook at current levels and would recommend watching 153.20 and 145.80 above and below for a clearer directional bias.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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