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GBPJPY: Expecting retest from 200 EMA | January 11, 2017



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Recently Gbpjpy has broken head and shoulder pattern which is giving signal for reversal on this uptrend market. Sell setup can be seen on this pair. We can look for sell from the broken support level as indicated on the chart which is neckline for head & shoulder pattern.

On the chart, we can see 200 ema and neckline level is staying at the same point. Now we can wait for retest on that level to enter sell on this pair.


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