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GBPJPY: Looks To Strengthen More On Bull Pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 27, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPJPY: Having rallied to take back its Monday losses on Tuesday, GBPJPY looks to strengthen more on bull pressure. On the downside, support comes in at the 169.00 level where a violation will aim at the 168.00 level. A break below here will target the 167.00 level followed by the 166.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, resistance is seen at the 171.00 level followed by the 172.00 level. A cut through that level will set the stage for

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