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19 nov. 2019 04:55

GBPJPY Possible downside Short

British Pound/Japanese YenFXCM

Description

An upside to go beyond the pivot point was rejected, which has seen sellers push it below the CPR. The narrow CPR is a signal to watch for a trend and if this is respected a trend is possible especially if the demand point at 140.280 is broken. If you choose to sell put the SL 141.00.

Alternative, if the pair experiences a support and goes beyond the pivot point TP 141.88.
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