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GBPJPY Tests Support Trendline; Bias Bearish

GBPJPY pulled back to test the support trendline at 161.00, which connects the lows from spring, after a failed attempt to pierce its 20- and 50-day simple moving averages (SMAs) around 164.00 on Thursday. From a technical perspective, sellers seem to have the upper hand as the MACD keeps decelerating within the negative zone and the …

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