GBPJPY Long

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BOE followed FED by cutting rates. However the decision didn`t impact pound strongly. Cheaper pound still interesting for long traders. As BOJ is ready with new stimulus package which can be announced in comind days. Meantime BOJ made it clear that they are not happy with overvauled Yen and ready to speculate the markets soon to stabilize the price. From Brexit side the first round strated already and positive comments which we will keep getting from there definitely will be supporting the GBP. 128 is over main target in long term

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ملاحظة

A correction: 128 is the main support, while 147 is our long term target

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ملاحظة

WHO announcment regarding coronavirus helped the YEN to gain some value, however the losses is seen limited. We expect the parity to resume the bull trend soon, current level is perfect support for buyers