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Newmans.Analysis

Great Pound/Japanese - Selling on a pull back to the 158.5 level

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Newmans.Analysis  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY SELL short Fibonacci Support and Resistance pips downtrend britishpound japanese
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gbpjpy sell short fibonacci supportandresistance pips downtrend britishpound japanese
Im looking to sell the GBPJPY at the 61.8 Fib level. GJ has been in a strong downtrend. Good confirmation to sell on the pull back at 158.500 with the Daily descending trend line, 61.8% fib retrace and strong resistance horizontal line of 158.500.

Let me know your thoughts!

Thanks.
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