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Trader_AndyNg

GBPJPY: Opportunity again??

British Pound / Japanese Yen (FX:GBPJPY)  
Trader_AndyNg Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY
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trendanalysis chartpattern beyondta gbpjpy
Yesterday hit 100pips profit!!
Today may continue target another 100-200pips profit!!

Risk-off still remain!!
As long as today UK CPI y/y below than expectation, it will further support downtrend.
Comment:
CPI seem equal which may make it rally short-term + short covering rally by today.
Thus, it may be rally 1st, before drop down.

Attention for Trump new funding policy sign which may cause market turn to risk-on
Comment:
There is Pinbar Engulfing for previous H4 candle
Await current H4 candle close lower than previous - bearish.

If so, high chance for the price going down further, based on price action.
Trade closed manually:
Risk sentiment mixed
Close trade
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