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GBPJPY HEAD AND SHOULDER FORMATION

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
DennisDims Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Support and Resistance Fibonacci Head and Shoulders Forex signals reversal supportandresitance
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supportandresistance fibonacci headandshoulders forex signals reversal supportandresitance
GBPJPY has formed an amazing h&s pattern with the neckline at the 50% Fibonacci level.

A break below 162.200 should resume the bearish trend with the first target at 157.7, followed by 154.8

Key Levels:
  • 166.3
  • 160.5
  • 157.7
  • 154.8
Trade closed: target reached

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