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GBPJPY looking up

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GBPJPY looking up

GBPJPY on the daily chart is trading between 2 weekly structures.
The price after the last test of the upper one created a perfect retracement to the 0.5 Fibonacci level with a spike to the 0.618 golden ratio.

How can we approach this scenario?

Currently the market is trading below a descending trendline and according to Plancton's strategy IF the market will break above and satisfy the Plancton Academy rules we will set a nice long order.

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