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The GBP/JPY pair registered a strong upward movement after reaching today's low of 181.12 and now is located at 182.35 level at the time of writing. As you can see on the H1 chart, the rate failed to stabilize below the 181.10 former low signaling exhausted sellers.
Now, it has jumped far above the downtrend line and above the former high of 182.20 indicating a potential reversal. Technically, these represented upside obstacles, so breaking above announced that the downside movement could be over.
Staying and stabilizing above the broken downtrend line and above 182.20 may announce further growth. The breakout could represent a buying opportunity.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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