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GBPJPY – approaching a resistance line that has been previously tested at least twice in the past

Emerging Channel Up pattern in its final wave was identified on the GBPJPY 1 hour chart. After a strong bullish run, we find GBPJPY heading towards the upper triangle line with a possible resistance at 200.3589. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.

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