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Jan 7, 2020 5:14 AM

GBPJPY Signal of the day  Short

GBP/JPYOANDA

Description

The 4 Hour is turning up against 126.50 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.81 a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again.

Shor term trade.

Sell GBPJPY

@143.10-25

target: 142.20-141.90
Stop loss: 143.60

Good Luck !

Trade closed: target reached

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