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British Pound / Japanese Yen
Short

Time For GJ Retracement...

By lobfxempire
Following yesterdays positive Bullish Analysis, price has rejected a major area of resistance around $137.60. Upon a solid close under $136.28, I foresee price moving towards local support.($136.15) A close below that level would be a great bearish entry. I predict price could bleed to $136.75, then towards the 61% Fibonacci Level. Analysis is only valid if close below box region occurs.

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Candlestick AnalysisFibonacciGBPJPYgbpjpyanalysisgbpjpyforecastgbpjpyshortgjgjshortTrend Lines
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