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GBP/JPY Signal - GBP Markit Construction PMI - 4 Jun 2021

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Signal Details
Entry Price: 
155.39
Take Profit: 
156.4
Stop Loss: 
154.86
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPJPY is at support prior to the GBP Markit Construction PMI data, which shows business conditions in the UK construction sector. Technically the pair is holding trendline and structure support currently, and we anticipate upside into the 156.4 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.