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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Daily analysis of GBP/JPY for September 28, 2017

GBPJPYH4.png

Overview

The GBP/JPY pair repeated its fluctuation above 150.00 level that forms one of the support levels that agree with the bullish bias domination, and the price needs new positive momentum to ease rallying above 152.80 level and opens the way to record new positive targets by reaching 155.40 followed by 156.60. We notice stochastic attempt to form new bullish wave to wait to rally above 50 level and allow the price to gain the required momentum to start recording our waited targets. The expected trading range for today is between 150.00 and 152.80.

The material has been provided by InstaForex Company - www.instaforex.com