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DAILY FOREX IDEAS

GBPJPY outlook

GBPJPY outlook



GBPJPY has just made its third wave up to 127% Fibonacci level (the red line) from there its possible a correction to hit soon.

The Cypher on daily chart is a weak possibility because I do not expect the pair to drop that much (133.8).

Weekly chart suggests that there might be more bullish moves in near future but first a “healthy” correction is needed. So be on the lookout for a buy in the 145.50 area.

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