GBPJPY Weekly Sell - daily pinbar high rejection

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We have noticed that GBPJPY has formed its third bearish wave with a huge daily pinbar. We predict that once the current structure is broken by a 4hr bearish candle, there will be a high probability for the price to drop to the 161.248 area.
We will wait for the formation of a 4hr bearish candle before entering this trade.
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It is running smoothly:
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Respect higher timeframes:
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Closed with +2%
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We can reenter again as it just retraced.
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Closed at the entry:
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Chart PatternsGBPJPYTrend AnalysisWave Analysis

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