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Siyabonga_Ngcobo

A 2618 trade could be likely on the GBPJPY

Short
Livre sterling / Yen japonais (FX:GBPJPY)  
Siyabonga_Ngcobo  
FX:GBPJPY   Livre sterling / Yen japonais
2618 Trade fib structure
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2618tradesetup fib structure
Considering the current rally on the GBPJPY, and the double top formation. Could this be a potential 2618 trade setup. If we break 187.83 and close below this could signal a trigger of the 2618 trade on a rally of the GBPJPY with us looking to take a short on the 0.618 fib retrace if it does occur. Targets would be close to near term structure.

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