Either a rebound or a breakout imminent on GBPJPY

GBPJPY is heading towards a line of 166.0960. If this movement continues, the price of GBPJPY could test 166.0960 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

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