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GBPJPY currency pair recently reversed up sharply from the combined support zone located between the key support level 115.000 (former resistance from last month) and the support trendline of the narrow daily up channel from April. The upward reversal form this support zone completed the previous minor correction 4. Given the predominant uptrend – GBPJPY currency pair can be expected to rise further toward the next resistance level 156.000 (top of the previous impulse wave 3).
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