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GBPJPY Aims At Key Support On More Weakness

GBPJPY: Having continued to remain vulnerable GBPJPY aims at key support seen at the 183.86 level. This is consistent with its short term weakness triggered off the 188.80 level. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level followed by the 181.00 level. Its daily RSI is bearish and pointing lower supporting this view. Resistance is seen at the 185.00 level followed by the 186.00 level. A cut through that level will set the stage for a move further higher towards the 187.00 level. Further out, resistance resides at the 188.00 level. All in all, with the cross weakening further, GBPJPY aims at key support located at the 183.86 level.

gbpjpy aims at key support


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