GBPJPY Below Resistance

GBPJPY has jumped significantly Thursday and Friday, covering over 600 points from the low of the range at 208 up to the 214 resistance; a resistance level that has already proven to be important on a number of occasions in the last couple of months. Breaking above the 214 resistance will open up the grounds for bigger moves, especially if the carry trading resumes. GBPJPY has jumped significantly Thursday and Friday, covering over 600 points from the low of the range at 208 up to the 214 resistance; a resistance level that has already proven to be important on a number of occasions in the last couple of months. Breaking above the 214 resistance will open up the grounds for bigger moves, especially if the carry trading resumes.

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