Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index
GBPJPY bottom out at (130.000) before the bull run reaching (140.000) a 1000 pips run. On the daily timeframe we can see uptrend structure an indication that price is in an upward momentum. We are anticipating a retracement of the new found uptrend to create a new higher low point.
But first price needs to find resistance for us to anticipate and measure a retracement. That means that the day needs to end bearish for us to pull out the Fibonacci tool and measure a potential retracement. No targets are available right now as we wait for a set up.
Target #1: N/A Target #2: N/A
Use 1% -5% risk per Position! (Remember to use stop loss to limit your losses and protect your account !)
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