Fxprotrader
Long

GBPJPY Potential Buy Setup (UPDATED)

FX:GBPJPY   British Pound / Japanese Yen
635 7 25
Price has broken above a downtrend, has pulled back and it's now testing the broken level. At that point we should watch for any buy setup. Watch below for my potential setup
Comment: MACD divergence shows we might have a reversal. Wait for this consolidation to be broken followed by a correction and buy
snapshot
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hey what do u think to do now ?
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Watch for a breakout and you may go long. We might have more ups and downs in this wedge but be patient and wait for that sharp move up. Most likely a correction will follow but it's up to you which of the two you want to take.
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Fxprotrader PRO Fxprotrader
snapshot
+1 Reply
U will fail definitely... Wait n see coming weeks :)
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mabforex Sakakikunmakio
If you disagree just don't post any message.
Stay out and respect other people analysis.
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Fxprotrader PRO Sakakikunmakio
If you write "definitely" describing something that is going to happen in future, you are a HUGE TROLL..
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I don't know about reversal, even with GBP strength, Yen has made quite a statement, I anticipate lower lows in all yen pairs, the divergence might anticipate a correction which can very well be a sideways flat thing.
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