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GBP/JPY fell hard this week, erasing last week’s gains. The central banks are below, so selling is always going to be somewhat risky. The 135 level seems to be somewhat key for the bullish traders out there. Look to see how this level does, and if it holds. Even if it doesn’t hold, the pair has several minor support areas as well as the major ones at 1.30 and 1.25 below. Selling can’t be done; buying is done after proven support.
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