FX:GBPJPY   British Pound / Japanese Yen
46 1 1
Over sold, market is hitting respected price within a range. if market doesn't break 38.2% fib level then Take Profit at TP1. around 132.50
We are looking for confluence if market breaks 38.2% then move Stop Loss to break even with a target profit at 61.8% at a price around 135.00 500 point run with a risk reward of 5:1
Set a Stop Loss at 130.00

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