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GBP/JPY breaks major resistance 9- W EMA, jump till 137.80/140 likely

Thursday, September 1, 2016 6:30 AM UTC

Major resistance- 135.80 (9- W EMA).
Major support- 135
The pair has broken major resistance 135.80 (9 – W EMA) today and jumped till 135.926 at the time of writing. It is currently trading at 135.89.
The pair is trading well above psychological resistance 135. Any break above 135.80 confirms minor trend reversal, a jump till 137.80 (61.8% retracement of 143.23 and 129.06)/140 is possible.
On the lower side, major support is at 135 and break below targets 134.30/133.30/132.45 in the short term.

It is good to buy above 135.80 with SL around 135 for the TP of 137.80/140

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GBP/JPY breaks major resistance 9- W EMA, jump till 137.80/140 likely

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