#GBPJPY strong bullish setup just below 170 Long

British Pound/Japanese YenFXCM

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⋅ May 17, 2014 5:04 PM

GJ after forming a massive H/S pattern dropped almost to 170 handle and pulled back to 170.66 support. With RSI just above oversold area a dip to 169.9 is possible completing 3 bullish patterns: shark lvl1 and 2 bats.