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GBP/JPY SHORT FROM RESISTANCE

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Paun British / Yen Jepun (FX:GBPJPY)  
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FX:GBPJPY   Paun British / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis GBPJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

GBP/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 180.814 area.

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Penafian

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