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GBPJPY - BUY

Hi,

As we can all tell, GBP has had a rally yesterday, and formed strong momentum to the upside.

With GBPJPY it has formed a bullish engulfer on the daily, and cleared a majority of the previous highs with one candle, i am looking to get in at the 50% retracement with stops below ATR and targets at the next daily level.
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Penafian