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koolkash90
Aug 26, 2020 5:51 PM

GJ SELL Short

British Pound/Japanese YenFXCM

Description

Here we have GBPJPY stalling at this potential resistance. The optimum entry which I have got in is around 140.20 level. If this trade plays out well, It could fall down to the 139.000 level. Trend line (3 taps) around the resistance level too confirming my analysis alongside some good rejection too. Potential support around the 139.70 region which will be broken and retested as resistance where it could drop to the 139.000 level.
Comments
razainvestments
look to enter sells now, this break above resistance was something I expected and before daily closure we should be back under the resistance, this was all part of manipulation that mm use to capitalise on retail traders.
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