Shorting GBPJPY

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Shorting GBPJPY is aligned with the short term downtrend. During the London session, GBP manufacturing PMI came out worse that expected. Generally this news data will move GBP if it exceeds the low estimate which is -0.4%. Since it didn't exceed, we could see that GBP didn't plummet .

The reason a short trade is taken is because it is aligned with both fundamental and technical analysis.

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