As you can see from the chart we have rallied to the 148 area where we meet a trend line starting from the middle of April. This is an easy 20-50 day trade. The weekly timeframe is retracing back to the the 20 and 50 ema so we could see the GBPJPY stop here and makes its next wave lower. The 4 hour chart is extended and maybe a good place to short.
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