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GBPJPY Sell 1000 Pip Opportunity

Short
British Pound / Japanese Yen (FX:GBPJPY)  
cvfxwealth  
FX:GBPJPY   British Pound / Japanese Yen
Supply and Demand Trend Lines forexideas tradingideas GBPJPY brexit jpy japaneseyen forexeducation
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supplyanddemand trendline forexideas tradingideas gbpjpy brexit jpy japaneseyen forexeducation
GBPJPY has broken the main up trend line on the daily and weekly. Expect a retrace north (possible short buy trading 300 pips) then look to sell at back of trend line.

Remember "look left". Past support becomes future resistance. Past resistance becomes future support. This trend line that is now broken now becomes future resistance and price typically will go back to retest it before heading the main direction.


Good luck! Let me know if you have any questions.

Charles V
CVFX Management
Trading made Simple
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