GBP/JPY Weekly Outlook - Action Forex: "In the longer term picture, GBP/JPY has broken 55 months EMA decisively and monthly MACD staying positive. The chance for a sustainable medium term to long term up trend is raised. Sustained trading above 38.2% retracement of 251.09 to 116.83 at 168.11 will open up the case for further rally to 61.8% retracement at 199.80 and above."
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