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Dec 24, 2020 1:56 AM

GBP/JPY - SELL Short

British Pound/Japanese YenFXCM

Description

GBP/JPY has reached a re-occurring, strong resistance barrier and is likely to retrace back to previous support line of 137.100, Furthermore stochastics/RSI also show that it has been overbought and an bearish RSI divergence has been formed. Also a double top is being formed too, lots of negative stimulus for GBP - increasing likelihood for it to dropFX:GBPJPY.
+Possible head & Shoulders formation in future too
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