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    GBP/JPY Trades Above 193, Target 195 by Chester for July 23, 2015



    GBP/JPY has recouped in the wake of making a low of 192.28. It is right now exchanging at 193.70 and made a high of 193.95 yesterday. The short term trend is bullish as long as support holds 193. Any break beneath 193 will drag the pair further down till 192.60/192.25. On the higher side minor resistance is around 194 and a break above will augment increases till 195/195.60. It regards purchase at plunges around 193.75-80 with SL around 193 for the TP of 195/195.60

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    • avatar-1186
      • #

      Very ambitious and smart idea, unfortunately it hasn't worked. Maybe next time.

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