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GBPJPY currency pair recently reversed up from the support area located between the key support level 153.000 (previous monthly low from January), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp upward impulse from the start of December. Given the strongly bullish sterling sentiment seen today, strengthened by the yen outflows – GBPJPY currency pair can be expected to rise further toward the next resistance level 154.000.
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