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peterbokma

GBPJPY - SELL strategy

Short
British Pound / Japanese Yen (FX:GBPJPY)  
peterbokma  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis gbpjpysell
2
0
trendanalysis gbpjpysell
The run-up has been impressive, but now it starts becoming a rich move. The RSI is high, and the stochastic (even still bit positive) starts also looking overdone. The Heikin Ashi number of green candles are also impressive in numbers.

Strategy is SELL 157.25-157.75 in small increments, and place stop-loss above 158.50 for now.

Profit potential is below 155.00.
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