Big movement possible on GBPJPY

GBPJPY has broken through a line of 155.0730 and suggests a possible movement to 155.4098 within the next 8 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

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