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GBP/JPY Signal - GBP Financial Stability- 11 Dec 2020

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How we trade
Average: 5 (2 votes)

GBPJPY is trending to the downside but is at the trendline prior to GBP Financial Stability data. The data is published twice a year by the Bank of England under the guidance of the interim Financial Policy Committee, shows the Committee's assessment of the outlook for the stability and resilience of the financial sector at the time of preparation of the Report. Technically the pair is above the 138.13 support level, and we anticipate upside today into the 139.68 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.