KN_FXtrader
Short

GBP/JPY Technical Analysis

FX:GBPJPY   British Pound / Japanese Yen
The price tried to reach 196.00 and made a new high. However it could not stay at this area and bears pushed it down. After a retracement to point C the price broke the trendline support moving towards the important level of 175.38. This is my target and at this point a nice AB=CD pattern would have been completed.
Trade closed: target reached
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