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GBP/JPY rebounded strongly after dipping to 146.36 last week but after all, such rebound was limited at 151.21, below 151.72 resistance and thus retain the bearish outlook. That is, rise from 139.69 should have completed at 153.21 already. Friday's break of 148.56 minor support suggests that rise from 146.36 might have completed. Initial bias is back to the downside for 146.36 first an break will bring fall resumption to 144.51 support next. on the upside, however, a break of 151.21 resistance will argue that choppy fall from 153.21 has completed and will turn outlook bullish for a retest of resistance zone of 153.21 and 154.13.
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