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Lucas: Sterling on a high
Sterling has reached five and a half year highs this week. It's also up against the Japanese Yen and Steve Lucas sees this bullish run continuing. GBPJPY is trading above 50 and 100 day moving averages.
He suggests buying at the open and at the dip at 172.60.
Stop: 172.39, yesterday's low.
Targets: 173.59 which is the March high and 174.86 which is the January five and a half year high.
00:55 minutes
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