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lawlee9
Jun 10, 2020 1:42 AM

GBPJPY - Setting up for a big pull back Short

British Pound/Japanese YenFXCM

Description

Big run up last week breaking a lot of previous highs indicating bulls are in play.
Caught at resistance right now, and expecting a pull back almost as big as the run up from last week.
Long term expecting this to go much higher, but for now the short retracement looks like a good play.

Comment

Moving nicely into our first target at the 38.2%

Comment

Expect a pull back into the 135.37 region after the 134.1 level is hit.
Comments
gcplau
Lee....you're getting like a pro now! Not only the direction, even the swing & fibs comes very close! good work brother!
lawlee9
@gcplau, thanks george. appreciate it.
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