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GBPJPY Sell a break setup.

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Signal_Centre1  
OANDA:GBPJPY   British Pound / Japanese Yen
Support and Resistance GBP GBPJPY jpy gbpjpyshort Forex forexsignals signal tradeidea
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supportandresistance gbp gbpjpy jpy gbpjpyshort forex forexsignals signal tradeidea
GBPJPY - Intraday - We look to Sell a break of 161.09 (stop at 161.51)

We are trading at overbought extremes.
A higher correction is expected.
A clear break of 161.20 and we would look for further losses to 160.00.
20 4hour EMA is at 161.22.

Our profit targets will be 160.05 and 159.85

Resistance: 162.00 / 162.80 / 164.00
Support: 161.20 / 160.80 / 160.00

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