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Michael.H
May 9, 2016 5:35 PM

GBPJPY - Possible Bull Flag Long

British Pound/Japanese YenFXCM

Description

GBPJPY made a big run up today after breaking the bearish trend line. I believe it will continue this bullish run up until the 157.00-158.00 mark. It's currently moving in an bull flag and has a high chance of breaking out to the upside again.

Stoch showing a slight sign of being oversold. This along with the RSI divergence nearing a bounce up.
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