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(GBP/JPY)


The Pound continued its downside wave against the Yen, as the pair breached the major support at 211.80s which represents the 38.2% long term correction on Fibonacci retracement and continued moving towards the downside with huge momentum as the pair might now reach the 50.0% level at 199.58, unless it breaches the 211.80s to the upside again, the point at 206.75 seems to offer good demand for the pair today.
 


 

Support207.58207.17206.75206.20205.65
Resistance
208.13

208.68

209.24

209.79

210.20

Recommendation

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