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Mihai_Iacob

GbpJpy- Down-trend to resume soon

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Mihai_Iacob  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis
2
1
trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis
After finding a bottom at 124, GbpJpy corrected 1000 pips and has reached 50% Fibo of the previous drop.
The rise is in a corrective manner and has formed a rising wedge.
A break under 133 zone could signal that the correction is over and the down-trend could resume.
Looking to sell
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GbpJpy- sell on confirmation
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