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GBP/JPY Technical Analysis:
Current 129.45. Outlook: Short-term: Down/Sideways. Near-term: Down/Volatile sideways.
A short-selling position at 129.50 with a stop-loss at 129.95 (-45 pips) and take profit target first at 129.05 (+45 pips) and then 128.70 (+70 pips).
For longer-term outlook please visit weekly Forex analysis under “Trading Approaches” for this currency pair.
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