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rebana8

GBPJPY at significant support and resistance level for short

Short
British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
rebana8  
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Chart Patterns
8
1
chartpattern
There is a significant support and resistance level that is at the same level with the supply zone (drop base drop). This is the key zone for short entry. Once the price enters the supply zone, make an entry short. Minimum stop lost is at least 30 pips. A ratio of 1:3 is possible for this setup.
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