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Short

GBPJPY approaching resistance, potential drop!

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is approaching our first resistance at 140.58 (horizontal pullback resistance, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur pushing price down to our major support at 135.83 (50% fibonacci retracement ).
Stochastic (34,5,3) is also approaching our resistance and seeing a bearish divergence and we might see a corresponding drop in price.
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