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KaltoireCapital

GBP/JPY Price Outlook| Pullback to 136.50?

Short
British Pound / Japanese Yen (FX:GBPJPY)  
KaltoireCapital Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyshort gbpjpyanalysis
52
15
trendanalysis chartpattern beyondta gbpjpy gbpjpyshort gbpjpyanalysis
Dear friends, GBP/JPY is currently moving in a rising channel.
However, the price action looks quite weak and bulls are vulnerable.

So, it is quite likely that GBP/JPY will drop to the channel support
at 136.50.

I would be looking to sell the rallies in GBP/JPY close to the resistance
level.
Trade closed: target reached:
Reached the sell target. More than 170 pips profit for those who followed
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