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Trader856
May 10, 2020 8:28 AM

GBPJPY POTENTIAL SHORT  Short

British Pound/Japanese YenFXCM

Description

GBPJPY has been in a strong down trend and has broken from a sideways channel which it has retested on Friday. Assuming rejection continues which can be seen from the hammer that has formed on the 4HR time frame, then there is a a potential good R:R trade to the downside.

Comment

Breakout of existing channel failed. Trade closed
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