On the GBPJPY daily chart, we can see that the pair has reached the long-term uptrend line support 147.800 level. This level should hold for the upside continuation. The break below this level would lead to a continuation into the 144 level.
Note: this could be traded as a buy and a sell trade. Buy in the case of a bounce off the 147.800 or a sell in the case of a daily close below this level.
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