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GJ: Counter trend move?


GJ: Counter trend move?



GJ put in a decent drop trading close to the lows we have seen since Feb 2021. As such, I am waiting for it to test the 382 Fib level on this major swing. I expect some long reaction at this level. Given the uncertainty around the new Corona strain and the next actions of central banks a break of this area would open up the level for a decent downside move targeting the next fib levels.



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