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tradingalone
Feb 14, 2016 2:23 PM

Short GBP/JPY on the bounce to daily key level Short

British Pound/Japanese YenFXCM

Description

Monthly is ranging and price hit into a strong support region.

Weekly is in a strong downtrend.

Daily is a strong downtrend.

If price falters at this level or above at 200EMA or higher at 170.2, we have potential shorts.

They are Tier 1 shorts because monthly is ranging and we are close to a strong support level.
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