roogk
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since Jan 21, 2015
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AROON crossover buy signal MacD buy signal Stochastic slow - 50 line rejection
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I believe an adequate target for GBPJPY bullish rally would be the 61.8% retracement level on the fibonnaci levels drawn.
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Price is currently retesting previous resistance turned support. Please not Trend line was drawn on the candlestick chart.
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Break of the bearish Trend Line and crossover of the moving averages should warrant a break to the upside and find resistance at previous support / Fresh area of supply.
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Break of the CTL would warrant a long position. First target is the upper channel boundary
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