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Sapphira
Feb 18, 2017 5:43 AM

GBPJPY Potential Short Short

British Pound/Japanese YenFXCM

Description

If price retests and is rejected by the upper sloping trend line, I will watch for a potential break of support around 140.50 and test of support at the .5 retracement level around 136.60 -137.00. A break of that level would offer a chance to test the rising trend line at the .618 level around 134.00.
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