Alex.Singletary
Long

3 Likely scenarios for GJ

FX:GBPJPY   British Pound/Japanese Yen
183 0 5
Based on the clones, if price were to hold here, we are going to see 1 of the two bounces highlighted. And obviously if there's a break below we will be in for some more downside in this pair. I took a small long position with a stop below the red line. IMO I see the smaller up move as a more plausible idea. Time to sit back, and then wait and see how it develops.
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