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Thread: techinical analysis

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    Default techinical analysis

    The GBPJPY pair continued to prove that the upside is still the valid trend, reaching to 241.50 the pair is targeting the 242.50 level again, and then 244. From the other side the level 239.90 seems to offer a strong demand point.
    The European currency is still stable against the Japanese yen last week, after recording a low of 161.70, but it managed again to go above the 162.10 level, which still gives it some more optimism and power to climb to the upside again as far as this level remains intact. we still see the 161.70 level as a good demand point.


    The British pound made it through this time against the European currency, after some gains it made yesterday, while the Euro was losing heavily against the U.S, dollar, the decline extended to 0.6730, and now we are waiting for a correction to the level 0.6750, and from there we can speculate the next movement

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