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GBPJPY Uptrend Continues After Inside Bar Breakout

The GBPJPY is clearly trending higher and we can see that on Thursday the market broke higher from an inside bar cluster that formed over the previous four days. We can see some longer-term weekly chart resistance up near 163.00 that could stall this current uptrend. Until the market runs into 163.00, we can watch for price action buy signals from support on any retrace lower next week.

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