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GBPJPY: Confluence correction projection with short term trend line.
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Confluence correction projection with short term trend line.

Down trend. Price doing correction. Harmonic projection of previous correction in confluence with short term down trend line and also in Fibo retracement area between 0.618 and 0.786. Short Entry: 161.50 Stop Loss: Above 164 (make it 165 to give some buffer) Exit Level 1: 151.80 (lowest low) Exit Level 2: 149 (projection of last swing low)

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