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GBPJPY Wave Analysis 5 February, 2021

GBPJPY Wave Analysis 5 February, 2021

• GBPJPY reversed from major support level 142.75

• Likely to reach resistance level 146.00

GBPJPY recently reversed up from the major support level 142.75 (former multi-month high from August) – intersecting with the daily up channel form September.

The upward reversal from the support level 142.75 continued the active impulse wave C of the medium-term wave (B) from last May.

GBPJPY is expected to rise further toward the next resistance level 146.00 (target price for the completion of the active impulse wave C).

GBPJPY Wave Analysis 5 February, 2021


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