GBPJPY Slices Through 3-Year Bullish Trend Line Support – Could 173.00 Be Next?

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Since mid- 2012, GBPJPY had been steadily rising within a bullish channel…that is until last week. After putting in a lower high at 185.00, GBPJPY broke below both its channel support and its 200-day MA (approximated by the 40-week MA in the chart below) at 1.7825 last week. Rates are



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