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reubengallop01

GBP/JPY Long 141.200 - Pound strength alongside technicals.

Long
British Pound / Japanese Yen (FX:GBPJPY)  
reubengallop01  
FX:GBPJPY   British Pound / Japanese Yen
Fundamental Analysis Technical Indicators Trend Analysis
2
2
fundamental indicator trendanalysis
If we can see the pound reach 141.200 I will definitely be looking for a long position. 50 Fib level, 3rd trend-line touch clean B&R and also an SMA acting as support. The fundamentals behind this trade are - Gov. Bailey does not want to cut interest rates (strong for pound), risk on mood weakening the yen.
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