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Mar 19, 2016 8:16 PM

GBPJPY potential down move  Short

British Pound/Japanese YenFXCM

Description

From my other analysis on the GBPUSD and USDJPY pairs, a rational deduction would be an expectation for the GJ to continue downward. So on the chart, we could clearly see the uptrend broken. After that, a consolidation pattern appeared on this TF that gives us a fair amount of confidence of the direction of this pair. Good luck to all who will be involved in this trade next week.
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