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GBP/JPY Signal - GBP Markit Services PMI - Aug 2021

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Signal Details
Entry Price: 
151.57
Take Profit: 
153.000
Stop Loss: 
150.960
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPJPY has traded into support prior to the GBP Markit Services PMI, which gives a crucial insight into the strength of the services industry within the UK. Technically the pair is above trendline support, and is at both structure and fibonacci support. We anticipate a bounce from this level, with upside into the 153.00 key level.

Submitted by Toni H. on Wed, 04 Aug 2021 01:05:36 GMT

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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.

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