TheBankTrader

GBPJPY Buy based on Bullish Divergence

Long
FX:GBPJPY   British Pound / Japanese Yen
Price is in the over sold region on the 4 hourly and daiy chart. Place a pending buy at 161.686 as i am expecting price to retrace before going up. Stop loss is at nearest support which is 159.988 and take profit is 164.07.

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