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GBP/JPY price movement, July 03, 2020

analytics5efecb932ca56.jpg

On the 4-hour chart, we can see that there is a divergence between the Stochastic Oscillator with the price of GBP/JPY. The pair is likely to dip to the 132.92 level. This scenario may occur if GBP/JPY does not rise and close above the 134.68 level.

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