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talalzebian

Long opportunity GBPJPY

Long
British Pound / Japanese Yen (FX:GBPJPY)  
talalzebian  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis
1
0
trendanalysis
The GBPJPY is still in an uptrend on the 4Hr timeframe. Falling Flag formation (a sign of trend continuation). Retracement to be appearing on the .618 Fib and a potential double bottom seems to be forming at the level (137.8). RSI extremely oversold with RSI divergence currently forming.

Any thoughts here? Thanks.
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