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GBPJPY Sell a break setup.

Short
British Pound / Japanese Yen (FX:GBPJPY)  
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FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance GBP GBPJPY gbpjpyshort tradeidea jpy Forex signal signals
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supportandresistance gbp gbpjpy gbpjpyshort tradeidea jpy forex signal signals
GBPJPY - Intraday - We look to Sell a break of 161.09 (stop at 161.49)

Short term momentum is bearish.
161.11 has been pivotal.
A break of the recent low at 161.16 should result in a further move lower.
We look for losses to be extended today.

Our profit targets will be 160.11 and 159.91

Resistance: 161.70 / 162.00 / 162.40
Support: 161.10 / 160.30 / 160.00

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