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Mihai_Iacob

GbpJpy can drop under 160

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Mihai_Iacob  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyprediction gbpjpysell gbpjpydaily gbpjpy_outlook
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trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyprediction gbpjpysell gbpjpydaily gbpjpy_outlook
After a strong rally and the reach of 168+, GbpJpy has had the first leg down to 160. A correction came after and now the pair seems ready for a new leg down.
164.00-164.50 is acting as a strong ceiling now and I expect a dive under 160 for a test of support.
Only price back above 165 would make me change my opinion
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