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PaschalPT
May 9, 2017 2:33 PM

GBP/JPY idea Long

British Pound/Japanese YenFXCM

Description

I've currently got a GBP/JPY setup looking to jump in on a long position if I see price break and close above the weekly resistance level 148.000. ABCD pattern could complete at the 141% fib extension level for its D completion. RSI is extremely over brought so we could see a retracement before it continues to rally up to the 141 ext.
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