Currently, GBP/JPY is trading at 132.75 moving towards its neckline. On Monday, March 30 this pair started trading in sideways trend and now it is slowly moving towards its neckline. If it breaks neckline at 132.34, pair may start its new downtrend and then the next support level at 130.57 will be its 1st target.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat