Short GBPJPY! Reversal

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As we can see that GBPJPY was in bullish trend for several days but then a bearish divergence formed on RSI and confirmation of its reversal made after it went into the distribution phase. Now next phase we all know that it a descending channel may start. Breakout of the ractangle have already been occured. So we can enter for a short trade keeping our SLs on the resistance of the rectangle.

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