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Technician

Hammer at support confluence #GBPJPY

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Technician Updated   
FX:GBPJPY   British Pound / Japanese Yen
AB=CD Support and Resistance Trend Lines
99
20
abcdpattern supportandresistance trendline
GBPJPY has reached a key support of multiple technical levels.

- The main rising trend line
- The 61.8 retracement for the overall bullish wave
- The 1.618 extension for the latest shorter term bullish wave BC
- Fisher oversold

I am Looking for a bullish bounce.

Best
Technician
Comment:
No trade yet on the pair. The scenario remains possibe but we need the confirmation.
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