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GBPJPY > Looking for Conservative Sell Trade and Here Is Why!
British Pound / Japanese Yen
Short
GBPJPY > Looking for Conservative Sell Trade and Here Is Why!
By TheTradersAvenue
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Updated
Jun 13, 2022
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Jun 8, 2022
Analysis of #GBPJPY
The GBPJPY is near its structure resistance level where the market corrected aggressively to the downside and dropped more than 7.6% or 1286 pips.
the circumstances now are quite different as the YEN keeps on weakening across the board and the trend here remains to the upside so far.
I will be conservative here and look for a reversal pattern on the lower time frame before entering a sell trade if the rules are met.
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Thanks for your continued support!
Jun 13, 2022
Trade closed: target reached
300 PIPS
cypher-harmonic
GBPJPY
harmonicforex
signalservice
Supply and Demand
Support and Resistance
Trend Lines
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