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adamh20

GBP/JPY Two Buying Opportunities!

Long
British Pound / Japanese Yen (FX:GBPJPY)  
adamh20  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBP GBPJPY jpy LONG gbpjpylong
6
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trendanalysis chartpattern indicator gbp gbpjpy jpy long gbpjpylong
We are in a period of consolidation for this pair.

I would expect a retracement towards one of the supports labelled on my graph before we make another push to the upside, towards the resistance at 135.785. Hence there could be two buying opportunities for this pair with good R:R, depending on which support we bounce from.


Let me know what you think!
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