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Jan 29, 2015 2:44 AM

GBPJPY Long

British Pound/Japanese YenFXCM

Description

Probably area to enter long @176.6 if price do not shoot through it and close under the trendline drawn.
Only enter long if D1 or H4 formed bullish pin bar at the trendline.
RSI divergence showing at D1 and H4.
Trend is still bearish and this is a reversal play thus must wait for confirmation before entering.
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