imee_noni
Long

ABCD Pattern Completion

FX:GBPJPY   British Pound / Japanese Yen
25 0 1
There is a huge selling pressure on GBPJPY             ,
no doubt the market likely to continue its selling pressure.
ABCD pattern completes here and retracement is expected for bullish or Long positions.
Please see RSI , STOTCH.
I think traders may go long for 38% and 61% targets for retracement.
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