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GBPJPY has broken through a resistance line. It has touched this line numerous times in the last 7 days.

GBPJPY has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 198.7397 within the next 20 hours.

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