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30.08.202107:28 Forex Analysis & Reviews: Elliott wave analysis of GBP/JPY for August 30, 2021

Exchange Rates 30.08.2021 analysis

GBP/JPY is still holding above the July 20 low at 148.46 and as long as this low holds. We will continue to look for more upside pressure through resistance at 153.49 for the final rally towards the 159.75 target to complete wave iii.

Only a break below support at 148.46 will invalidate our bullish outlook and call for a decline to 146.78 and possibly even closer to 143.91 before turning higher again.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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