Pair: GBPJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern ————— Key Takeaway: UK is going to a recession as it is so we should have a bearish bias for any pairs wit GBP as base currency. Here we have touched the top resistance of pennant and dynamic resistance so should see a bounce sooner or later ————— Level needed: need a close by 161.848 ————— Trade: Short RISK:REWARD 1:6 SL: 40 TP: 240 ————— DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
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