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GBPJPY –Choppy price action in the GBP/JPY has led to similarly choppy moves in retail FX sentiment, but a recent shift towards crowd selling suggests the Sterling may continue higher versus the Yen. Targets are now at recent spike-highs starting near ¥195 and extending through major peaks closer to ¥196.
See next currency section: EURUSD – Euro Forecast to Hit Further Lows on Major Sentiment Shift
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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