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GBPJPY: Key Weekly Structure Ahead (structure analysis)



Hey traders,


GBPJPY is very close to a 5 years' high.

156.62 is a key historical level.


Taking into consideration, that the market is heavily overbought,

chances are high to see a pullback from that level.


To short wisely look for a confirmation on a daily t.f before you sell.


Closest key supports:

153.3 - daily

149.7 - weekly

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