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GBPJPY potential for further uptrend | 19th Nov

GBPJPY potential for further uptrend | 19th Nov

Price just broke out of the descending trend line and is near the buy entry price of 154.752 which is also 38.2% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially go to the take profit level of 156.256 which is also 61.8% Fibonacci projection . Our bullish bias is supported by RSI as it is abiding by the ascending trendline.

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