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GBP/JPY Short Setup: Bearish Opportunity on Retest

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We’ve seen a strong upward move in GBP/JPY, but the price is now breaking below the ascending trendline, signalling potential bearish momentum.

Entry Strategy: I’m looking to enter on a retest of the broken trendline near the 192.58 zone, once confirmation of rejection occurs.

Trade Levels:

Stop Loss (SL): 194.000
Take Profit (TP1): 190.131
Take Profit (TP2): 188.685
Take Profit (TP3): 186.672
Take Profit (TP4): 183.762

Risk management is key. Be patient and wait for the retracement entry and confirmation before entering the trade.

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