Jmaxfx

GBPJPY Short Outlook

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FX:GBPJPY   英鎊 / 日圓
We have massive consolidation following a break through in trend. Nothing to be 100% solid on, focus less on predicting and more on going with the wave as the market plays out more. If we see a breakthrough, I am going to wait for price to fall through the previous monthly high indicated as the golden trend line as shown. Looking out for a pull back and continuation of the trend. Too early for any fibs to be drawn but this is just an outlook.
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