GBP/JPY Aims Higher
British Pound had tested the 182.814 and found resistance at that level which happened to be the 61.8 fibo retracement of its previous downtrend leg. However, the pair has already made a higher low and the price seems to be breaking that structure as the Pound grows stronger against the Japanese Yen. If that happens, the pair will make new higher highs and trade towards 183.776 mark which is going to confirm whether it will bounce back down or continue the new uptrend till the end of the week.
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