lawlee9

GBPJPY Short

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FX:GBPJPY   英鎊 / 日圓
1
Price retraced to the red trendline that it broke out of in early April. It is also creating a double top at the resistance level. There could be a slight push higher as price bounces through the ascending channel, but MT to LT I think this will go down. GBP seems to be strong at the moment, so maybe JPY strength will push this lower. I'm taking this down until price touches the blue trendline it broke out of.

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