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GBP/JPY Tests 129.76 Support in Choppy Range Trading

posted by Avatar FXTimes 707 days ago in JPY, GBP, Technical made popular 707 days ago

The GBP/JPY respected the previous support at 129.76 and is showed a strong bullish candle. 130.70 is the near-term resistance. Above that, the market has the swing high at 131.33 near the 61.8% retrament level. In range trading mode, the concept is regression to the mean, and the 200SMA also reflects this near 131.20…
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