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trendtrader
Apr 28, 2020 10:34 PM

GBPJPY short position in near term Short

FX:GBPJPY60
British Pound/Japanese YenFXCM

Description

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As can be seen in the chart, GBPJPY is not being able to sustain an upward move, and as soon as it rises, short sellers are rushing in to push the prices down. It is currently testing the current support level of 132.770 for the 4th time, so I expect it to break this support level for a move down to 132.590.
Trend AnalysisChart PatternsGBPJPYgbpjpyshortgbpjpyanalysisgbpjpypredictiongbpjpyforecastgbpjpysellgbpjpyideagbpjpytradegbpjpysignal
Comments
trendtrader
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Who else feels the same way about GBPJPY in the near term?
Waleem_Salim
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@trendtrader, I think we get down to that same area good analysis!
trendtrader
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@Waleem_Salim, hi! Good to know you agree! I hope you have taken a similar position and will make good money out of it! Good luck with your trading!
trendtrader
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@Waleem_Salim, hope you took the trade! You would have made good money! Stay tuned for more such updates and signals. Good luck with your trading!
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