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GBPJPY Short Idea

168
We can see the following:
- A break of an ascending 4H trendline, a retest and failure to make a higher high.
- A new descending trendline has formed showing lower highs and lower lows.
- The monthly chart RSI is showing that the pair is overbought.

Once the markets open, I would like to see the following before entering a short position:
- An impulse to the downside.
- The pair trading below the 50 and 200 EMA on the 4H chart.

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