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GBP/JPY - SELL

Short
British Pound / Japanese Yen (FX:GBPJPY)  
m-efe  
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Chart Patterns Double Top or Bottom
4
0
supportandresistance chartpattern doubletoporbottom
GBP/JPY has reached a re-occurring, strong resistance barrier and is likely to retrace back to previous support line of 137.100, Furthermore stochastics/RSI also show that it has been overbought and an bearish RSI divergence has been formed. Also a double top is being formed too, lots of negative stimulus for GBP - increasing likelihood for it to drop GBPJPY .
+Possible head & Shoulders formation in future too
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