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British Pound / Japanese Yen
Short

GBPJPY Exhaustion

By MiratonicFx_Trading
Updated
Here on the GBPJPY, we can see that price is heading towards a strong resistant area, after which we expect a bearish reversal to the downside at least to the previous demand zone.

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Trade active
GJ Obeying analysis. 100pips running. Keep holding
snapshot
Trade active
First Target reached. 220 pips running. Set Stop Loss above last correction
snapshot
Trade closed: target reached
Third Target was actually hit as shared, with a sharp reversal to the upside.
snapshot
Feel free to check out next setup on GBPJPY:
GBPJPY
Chart PatternsDemand ZoneForexFundamental AnalysisGBPGBPJPYjpystrategySupply ZonetransparentfxTrend Analysis
MiratonicFx_Trading

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