GBP/USD is bound to retest the 1.54 level after a nice fall hours ago. I am not sure about the exact drawdown - which might be big, but in my view the retest 1.54 is very highly likely and I am long GBP/USD as of the time of this post.
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Strong resistance at 1119.40 level will lead to the retest of the long-term buying level at 118.50 despite the recent BOJ news on continuation of the quantitative easing program:
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Vasyl 
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