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miansarimhameed

Seizing Opportunity: GBPJPY Unveils Bearish Momentum on 4H Chart

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
miansarimhameed Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY Bearish Flag Divergence
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trendanalysis chartpattern indicator gbpjpy bearishflag divergence
The GBPJPY currency pair is currently exhibiting a discernible bearish flag pattern on the 4-hour time frame. Noteworthy in this context is the presence of a bearish divergence, adding an additional layer of significance to the technical analysis. Consequently, our strategy entails initiating a trade position upon the confirmed breakout of the bearish flag, anticipating a downward trajectory in line with the established bearish momentum.
Trade closed: target reached
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