GBP/JPY:Market setbacks have been very well supported on dips below 130.00 and we look for the formation of a fresh medium-term higher low above 125.00 ahead of the next major upside extension back towards and eventually through 140.00. Ultimately, only a weekly close below 125.00 would delay and give reason for concern, while a daily close back above 130.60 confirms bias and should accelerate.
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