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Down trend (3 Week Range) 2nd Upward Pivot Point, may rebound (Short Term) from 1.29860 to 1.30300 If breaks bottom 1.29700, further down trend to 1.28950
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The overall outlook for GBP/JPY remains bearish, with price action favoring a drop below these support levels as the yen strengthens and market sentiment turns cautious following Japan’s CPI data. Expect continued volatility throughout the week, particularly as traders react to macroeconomic updates and shifting institutional flows. I expect the GBP/JPY pair to...
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