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PFP
Jul 30, 2017 12:22 AM

GBPJPY Sellers Seem to Have More Potential to Push Price Lower  

British Pound/Japanese YenFXCM

Description

After the completion of a bearish crab pattern, GBPJPY has been consistently making lower lows and lower highs on the 1 hour chart. If it keeps up doing this and retraces back to the next strong looking support level, there are strong risk:reward opportunities in selling bounces of it early in the week if we see them.

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