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GBPJPY poised for more downside
British Pound / Japanese Yen
Short
GBPJPY poised for more downside
By IkanBilisCapital
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Nov 13, 2021
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Nov 13, 2021
The pair looks like it's ready to move down again after some consolidation at this levels. The upside should be fairly capped for this pair.
BEAR CASE
We could see price test 153.5 before more downside.
BULL CASE
On the daily, the 200MA at 152 may serve as suspport for a storng rebound, if this plays out we will look for a short at much higher levels.
Chart Patterns
GBPJPY
gbpyjpy
gbpyjpybuy
gbpyjpysell
gbpyjpyshort
Technical Indicators
Trend Analysis
IkanBilisCapital
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