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shaylenfx

GBPJPY breakdown

Long
British Pound / Japanese Yen (FX:GBPJPY)  
shaylenfx  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
Main bias: Buys at AOI near 142 PPL, maybe a bit earlier if support holds strong
Possibility of downside based on elections and technical break below 141.8

What to watch out for:
-GBP Election related news (positive headlines and BoJo wins = GBP positive = GJ buys)
-Trade war headlines (positive headlines = deflate JPY = supports GJ buys)
-Brexit headlines (positive headlines = GBP positive = supports GJ buys)
-UK data this week (GDP and Manufacturing)

Credit also given to CH for breakdown.
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