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Target hit. 1W Channel Down continuation. Short.

Short
FX:GBPJPY   British Pound / Japanese Yen
TP = 142.00 hit as GBPJPY declined further within the underlying 1W Channel Down (MACD = -1.500, Highs/Lows = 0, B/BP = -2.0260). The channel is now pricing a new Lower High and we are taking this opportunity to open a new short with TP = 141.269 and 138.136 in extension (but with SL on BE to secure the profit from the first TP).

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