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LeeLovesPips

GBPJPY Long Day Trade

Long
British Pound / Japanese Yen (FX:GBPJPY)  
LeeLovesPips Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis GBPJPY LONG daytrade
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trendanalysis gbpjpy long daytrade
I a looking for a break and retest buy on GJ. GJ is known for not retesting after it breaks out of consolidation but this is a potential opportunity for a easy 50 pip trade.
Comment:
Price played out dang near perfectly and found entry off a .50 fibonacci retracement on the 1hr and the top wick at 138.636. Take partials, SL Breakeven and ride to 139.200.
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