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michael6malone

The price will likely continue down to $135.86

Short
British Pound / Japanese Yen (FX:GBPJPY)  
michael6malone Updated   
FX:GBPJPY   British Pound / Japanese Yen
gbpjpy_fib
1
0
gbpjpy_fib
2016Sep10 The price will likely continue down to $135.86 and possibly as low as $134.84 if the Consumer Price Index
figures on Tuesday are not favourable.

The price has been hammering at the support level of $136.11 and will likely break it.
The price has been trending down.
The RSI is moving down on the daily chart.
Comment:
I set my stop at 136.52.
Comment:
Target of 135.86 reached.
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