GBP/JPY - Forecast (Short)

Yet another almost close to a sniper entry. As the chart explains the reasoning behind this trade price has not reach this level in over 2 years.

This trade:
Stop Loss = 26 pips
Take Profit = 530 pips
Risk Reward = 20.38

Risking 2% of your account balance on this would potentially gain you just over 40%.
This trade taken 19 days to go from the lows to the highs, we hope it will take roughly the same time to return.
Trend Analysis

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