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GBPJPY | Perspective for the new week | follow-up details for OANDA:GBPJPY by darcsherry

The pound clings to upbeat UK job data which appears to be evolving into a second bullish move from a technical perspective. The sharp rejection of the bearish trendline that was broken in mid-April 2022 during the course of last week’s trading session appears to maintain a strong bid tone for the Pound going into the new week as I look forward to a breakout/retest of the key level at 160.000 area to join the potential rally.

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