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Allanmolone

GBP JPY short

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Allanmolone  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns
6
0
trendanalysis chartpattern
Will short this pair if it retraces back to around the neckline at 135.600 and we get a clear rejection. the pair is in a strong decending channel. Using the fib tool, the 50-61% zone hits perfectly with the neck which adds more confluences and confidence to the trade.

first initial targets will be:
133.795
131.962
with an overall target of 130.800

Happy trading!
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