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IvanLabrie
Feb 8, 2015 5:28 PM

Short term long in GBPJPY: great risk reward! Long

British Pound/Japanese YenFXCM

Description

I think we might get a good opportunity on the long side here, there is strong support in the strongest area in the previous distribution, so a long position can be initiated targetting the 185-187 area.
Ultimately I think this pair will correct down severely but that might take 8-16 days to happen.
For now, I'll go long.
Comments
IvanLabrie
If I would have ignored the spike this would have worked.
IvanLabrie
Missed the fill...but forecast was good it seems ;)
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