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Art_of_Trading

GBPJPY: BAT PATTERN

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Art_of_Trading  
FX:GBPJPY   British Pound / Japanese Yen
Harmonic Patterns Chart Patterns GBPJPY GBP jpy daytrade structure Support and Resistance
5
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harmonicpatterns chartpattern gbpjpy gbp jpy daytrade structure supportandresistance
The price is bullish today on GBPJPY 1H chart. It is getting close to a major resistance level at 146.260. Buyers have to take their profits somewhere and sellers have to step into the trade. The best level to that is close to resistance area. Moreover, the bat pattern is formed, which give entry and exit points.
T1 - 38.2
T2- 61.8
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