This week the bear market of the GBPJPY pair continues, after last week’s correction. After the analysis we can see the price penetrating and breaking the only support at 168, 80. We are waiting for the period to close below support, and we go short at 169, 75 setting our take profit at 169, 00, above Fibonacci expectations and our stop loss well above our last support which will turn to our first resistance after the breakout.
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