GBP/JPY Price Analysis: A shakeout of longs could be imminent

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GBP/JPY Price Analysis: A shakeout of longs could be imminent
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GBP/JPY Price Analysis: A shakeout of longs could be imminent By ross_burland GBPJPY Technical Analysis

GBP/JPY prior analysisThe price is now back into the old wedge formation following a spike through resistance in what could be termed as a fake-out that simply went to grab more liquidity from an area that was previously marked as a target for the open.

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