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Technical analysis on GBPJPY

30 April 2018 Marios Athinodorou

Based on the Ichimoku system, it could be noticed that the price appears below the cloud and, the Tekan Sen and Kijun Sen seem to be in bear formation. The Chikou Span appears out of the price. However, for the time being, the price seems to reverse and have crossed the Tekan Sen. If the price bounces on the Kijun Sen, then we could consider looking for potential bear signals.



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