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AdamFx42
May 29, 2016 9:41 PM

Daily Head and Shoulders for GbpJpy Long

British Pound/Japanese YenFXCM

Description

GbpJpy is looking strong
A daily head and shoulders points to a move up
Buy above trendline support - as near to 159 - 160 as possible
TP is above previous highs around 164 - or let it ride to new daily highs above 170
SL is below DiNapoli 25x5 = 157.5

Gbp is stronger as likely 'no' vote to Brexit draws nearer
BOJ is pushing for a lower yen

gl all

Comment

Got the pullback that was needed to go long - gl all
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