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ArtraderFX

GBPJPY Long Trade Idea

Long
British Pound / Japanese Yen (FX:GBPJPY)  
ArtraderFX Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Double Top or Bottom GBPJPY gbpjpyswing gbpjpylong gbpjpyanalysis gbpjpyforecast gbpjpybuy gbpjpyidea gbpjpytrade swingtrading
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4
trendanalysis supportandresistance doubletoporbottom gbpjpy gbpjpyswing gbpjpylong gbpjpyanalysis gbpjpyforecast gbpjpybuy gbpjpyidea gbpjpytrade swingtrading
For this setup, I'm seeing a potential buy swing respecting 160.780 support level.

This a reversal type-trade setup, so it's a bit risky considering the recent H downtrend.
We'll have to see how next week opens though, as price could push a little further down.
Comment:
The week did open with price pushing down a couple pips, but eventually moved up nice.
Looks like could respect 162.720 level, I would advise securing profits for those in buys for now.
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