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GBPJPY - Having held above descending channel...>

YEN
YEN: GBPJPY - Having held above descending channel resistance turned support on
Monday (See MNI Analysis email Sep17), GBPJPY's bullish breakout continues after
the strong UK CPI release with a move through the 200-dma (Y148.35) to Y148.54.
A close above here today opens the potential of a move toward the psychological
Y150.00 area, ahead of the Apr13 high at Y153.85. GBPJPY last Y148.40.  

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