GBP/JPY
After a recent rebound, the GBP/JPY reversed its trend and broke below a support at 126 which signals a likely extension of the downtrend in the coming sessions toward 124,83 then 123,86 (retracement of 61% of the uptrend between July and September). The initial resistance stands at 126. Short – Stoploss @ 126,03 – Target @ 123,91.
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Natixis