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lobfxempire

GJ Fell Back Into Consolidation Zone!

Long
British Pound / Japanese Yen (FX:GBPJPY)  
lobfxempire  
FX:GBPJPY   British Pound / Japanese Yen
Fibonacci Trend Lines Candlestick Analysis Forex forextrading GBPJPY gj GBP jpy
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fibonacci trendline candlestick forex forextrading gbpjpy gj gbp jpy
GBP/JPY has been producing great pip movements this week. Waiting for Daily retest. Price is currently retesting a previous bullish breakout level. Which just so happens to be near Daily Resistance. Price also failed to break through the downside, which resulted in Bulls Momentum. I predict LONG if price manages to break & close above Daily Resistance & Top Consolidation Boundary. If my analysis prevails, I expect price to test the 100.00% Fib level. Which is also acting as market ceiling.

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