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Sep 6, 2020 2:17 PM

GBPJPY Analysis Sept 6, 2020 Long

British Pound/Japanese YenFXCM

Description

On the weekly timeframe we are seeing signs of rejection of the 200 day moving average. On the daily timeframe we are still in a strong uptrend. The h4 timeframe is really where we are seeing any opportunities. We just showed a larger rejection of the previous resistance level and could head higher here. We need to wait on a break of lower timeframe resistance and which will be a higher timeframe bullish variation.
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