FX_Rhapsody

GBPJPY Breakdown Analysis

Long
FX:GBPJPY   British Pound / Japanese Yen
Price might go into consolidation this week, so we are waiting for any type of break and retest. on the lower time frames you can trade the consolidation and the begging of the week look for a nice buy opportunity as COT reports indicate a stronger Pound with shorts positions being closed against the pound and more longs being closed against the Yen.
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