GBPJPY – Good times ahead, eyes 155.83-156.66

GBP/JPY cross is looking good on charts

Pair’s repeated rebound from KC support after having reached oversold status (as per RSI) indicates the recovery is likely to continue unless supp at 154.23 is violated in which case a fresh sell-off may happen.

Otherwise the cross looks set to test 155.83 – 156.66.

Trade recommendation – Play from long side in range of 155.20-155.4

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