GBPJPY OUTLOOK

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GBPJPY OUTLOOK: Price has struggled in the past week to move much higher. Previous highs have been broken however consolidation has taken place after bad news for the GBP and JPY. The end of the week saw price fall back down to the strong uptrend line and we will soon see whether price breaks below the line and reverses or once again bounces and moves higher towards the long term downtrend price arond 142.00