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managingchaoscapital
May 31, 2016 9:25 PM

GBPJPY - Quadruple top Analysis - Key level 

British Pound/Japanese YenFXCM

Description

Possible swing of this pair to the down side after getting rejected at 162.5± level. If it breaks the red resistance line we might be looking for the beginning of a larger long term move downward as we approach Brexit vote. Watch out for the blue and black resistance lines.

Safe and successful trading!

Comment

Next level of resistance to watch out for is the blue line, we might see a little retrace earlier however! Cheers

Comment

TP1 hit, now careful for this resistance level - Might see little retrace before break or might see a bounce. Like before, sell the break
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