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GBPJPY LONG RETRACEMENT TRADE

142
Very heavy bearish volume recently on GJ which seems to have come to a halt.

I have entered a buy at 149.300. My target is 150.449, which an important fib level 0.382, as well as previous support now turned resistance.

Lots of bullish volume and big engulfing bullish candle, after this candle I waited for a pull back and entered.
Stop-loss is set at 148.100.
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