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GBPJPY extends to highest level since January 2016

The GBPJPY reached a high at 174.67 today. That took the price to the highest level since January 2016. There are a number of swing lows and highs going back to 2013 above and below that level (from around 174.75 to 175.50 - see red numbered circles). The area might give traders some cause for pause as risk can be defined and limited and it becomes a level to take profit. However, if the price moves above the area, the sellers will likely be inclined to cover. Drilling all the way down to the h... Read More

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Gbpjpy

Extends

Highest

Level

Since

January

2016

Forex

Posted: Jun 2 2023, 16:04

Author Name: forexlive

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