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GBPJPY 120 Minute Chart Analysis

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Hello traders and good to be back with you today on this Tuesday. I am looking at the GBPJPY 120 Minute Chart and what attracted me was the we are at resistance and price is stalled. I am bias bearish and am looking to sell this to the downside. I am looking to enter below the trend line I have placed on the chart and we can see it has closed and retested. I would like to enter at the price of 134.45. I am looking to take profit just above the support of the 200EMA at the price level of 130.66. This trade looks like a good trade and we could be in this for the rest of the week and out by Friday.

Thank you traders and we will talk soon……..



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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GBPJPY 120 Minute Chart Analysis

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