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On the pair GBPJPY British pound has reached its 4 weeks high on monday evening when tested value 175. This resistant level has hold and Japanese yen has begun to gain. From this point yen has gained over 600 pips when on friday has tested level 169 and close the trading week above this level. Next week i would expect continueing of bearish trand although there could be still some pullbacks somewhere above 170 to 171.
