Hello Everyone!


GBP/JPY is currently trading around the 130 region. Previous rise was held back by 1hr 55EMA closing below it. The bias still remains bearish although some upside could still be seen but would likely be contained by the 55EMA. Further resistance should be seen around 132.00 just above the recent high. Break below should first target around the 128.00 psychological level. Further decline could reach 126.00 and below. Already gone short yesterday at 130.99.
Happy trading all...
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