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GBPJPY Analysis August 22, 2021

FX:GBPJPY   British Pound / Japanese Yen
On the weekly timeframe we can see that price has nosedived into the support level. last week closed very bearish and I expect to retest the 148.500 area before seeing any type of reversal.
On the H4 timeframe we can clearly see that price is heading in a downtrend to the lower level. W e are already rejecting the 149.600 level which is where I would take shorts on this one.

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