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GBPJPY Wait for the 1day MA50 to break.

Short
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
TheCryptagon  
FX_IDC:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY Forex GBP jpy britishpound japaneseyen
3
0
trendanalysis chartpattern indicator gbpjpy forex gbp jpy britishpound japaneseyen
GBPJPY is trading inside a Bullish Megaphone.

Every time the 1day MA50 broke downwards, the pattern gave a sell signal with the minimum decline on the Bearish Wave being -4.17%.

If the price does break under the 1day MA50, sell and target 185.500.

The 1day RSI is already on a Bearish Divergence.


Previous chart:

GBPJPY Short term sell opportunity ahead.

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