GBPJPY POSITION *UP AROUND 400 POINTS/PIPS*

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Description of Chart:
So we shorted at 160.60 and we are breaking lower, I am a firm believer that the JPY will continue to show strength and which is why I am still short down to at least the 148 area. Keep a close eye on this one as it can move very fast, especially as we are now in the lower half of that downward trending channel.

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