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GBPJPY 06.12.2021
Overview:
The pair is trading in a downtrend
Expected scenario:
The pair is trading the highest strong support level around 148.50, which enhances the chances of rising during the upcoming period to 152 provided that trading continues above 148.50.
Alternative scenario:
On the other hand, we see that if the 148.50 level is broken, it may push the pair down to 148 - 147.
Resistance levels
152.00
152.50
153.00
Support levels
148.50
148.00
147.00
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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