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> GBPJPY September 28, 2018 Monthly Analysis
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GBPJPY September 28, 2018 Monthly Analysis

Exclusive Capital Ltd.

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GBPJPY looks greatly bullish. The upside retracement started around the 147.60 area with the buyers holding the price to the upside.

Probable Scenario: In the event where the bullish momentum intensifies, the price may likely rise all the way to 150.92 which is the highest zone within the uptrend channel. A break above the 150.92 may signal further continuation to 152.92 following an aggressive outburst.

Alternative Scenario: In the condition where the sellers overtake the buyers, the pair may drop as low as 146.22 where both the bulls and the bears will likely attempt taking the lead via placing astonishing pressures respectively. A break below the 146.22 zone could force the price to 144.00 and even lower.

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Exclusive Capital Ltd. Review

Source: https://www.exclusivecapital.com/gbpjpy-september-28-2018-monthly-analysis/
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