PyramidFx

GBP/JPY Reversal Bearish Setup - high risk reward trade

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY, Commercials and large speculators closing their positions in gbp both long and short, mean commercials and large speculators profit taking from both sides. long% decreased 2% while short% increased 2%. in jpy commercials and larges speculators doing same behaviour like gbp i.e profit taking. suspect one more spike upside to catch stop losses of weak holders.

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