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    GBP/JPY: technical analysis on 11.11.2015

    On the daily chart, the pair is trading in the upper Bollinger band, just above its EMA130, EMA65 and EMA13. All moving averages are directing horizontally indicating a consolidation in the pair. The RSI is growing along its trend line as it unsuccessfully tested its longer MA last week. The Composite is breaking through its MA’s towards its most recent resistance. MA’s for both indicators suggest a strength of the market. 

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