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GBPJPY Short term buy signal on oversold RSI.

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Libra Esterlina/Iene Japonês (FX_IDC:GBPJPY)  
TheCryptagon  
FX_IDC:GBPJPY   Libra Esterlina/Iene Japonês
Trend Analysis Chart Patterns Technical Indicators GBPJPY britishpound japaneseyen GBP jpy Forex
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trendanalysis chartpattern indicator gbpjpy britishpound japaneseyen gbp jpy forex
The GBPJPY pair is trading inside a Channel Down with the price currently under its middle.

It appears that there is an internal Falling Support holding the Lower Lows since August 25th.

Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy.

Buy now and target the Falling Resistance at 184.250.

Previous chart:

GBPJPY Short term sell opportunity ahead.

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