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Chartist-Trading

GBPJPY: Forming a base for an upside break?

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Chartist-Trading  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY Parallel Channel
3
0
trendanalysis chartpattern gbpjpy parallelchannel
GBPJPY is forming a base just above the critical support zone at 149.00 area. We believe that an upward break of the sideways formation is in the making.
We will BUY at current levels, adding more at 149.50. Stops below 149.10 and targets 151.00 and 151.70...
The Daily and 4h Charts below give the a view of the broader perspective...

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