My outlook on GBPJPY. Pound retraced nicely to the 50% / 62% Fib Zone. COT reports indicated a huge amount of shorts being placed in the market, which might see the Pound breaking the support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.