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BlueberryMarkets

GBPJPY TO RETRACE?

Long
British Pound / Japanese Yen (FX:GBPJPY)  
BlueberryMarkets  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY GBPUSD USDJPY blueberrymarkets
9
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trendanalysis chartpattern indicator gbpjpy gbpusd usdjpy blueberrymarkets
GBPJPY COULD RETRACE BACK INTO THE LOWS, THE GBP IS GAINING STRENGTH ACROSS THE BOARD
HOWEVER, WE ARE NOT AT A KEY DEMAND ZONE JUST YET. IDEALLY WHEN LOOKING FOR PRICE TO RETRACE WE
WANT TO SEE PRICE INTERACT WITH A KEY DEMAND ZONE. IF PRICE TESTED 125.50 WE WOULD BE EXPECTING A REACTION.
HOWEVER, IF PRICE WAS TO RE-TRACE WE WOULD EXPECT PRICE TO TEST THE 130.70.
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