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British Pound / Japanese Yen
Long

GBPJPY LONG

By mgcworld
Updated
GBPJPY she is almost running out of gas, because the other JPY's are already on a Short. Is a late entry for a buy before she join the JPY's family on a Sell. When GBPJPY retrace at around 150.3980 Ill be going for a buy for 194 pips to the resistance prior the highest resistance, which is around 152.074, again, this is to gather few pips before she start to go for a bounce short
Order cancelled
There was no entry for a buy, it broke the H4 trendline for a sell now. As I wrote down before it was a late entry for a buy and GBPJPY decided to go straight for a sell
Note
GBPJPY, did a fake out and decided to retrace on a Daily, taking some people out, like me, and when back for a buy as usual.
Trend Analysis
mgcworld

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