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Flav2017
Apr 6, 2020 7:54 AM

Possible long position for GBPJPY pair  Long

British Pound/Japanese YenFXCM

Description

After the opening with a small pop higher in indices drived JPY lower that means risk seems to be away for now, a lot of data will come mid week so we are planning to trigger GBPJPY on the break of 134.600 resistance level with first target around 137.000 area (61.8% fibonacci retracement level ) GBP is probably the most undervalued currency at the moment so will probably be the best in terms of risk reward ratio.
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