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Youngking22
Feb 28, 2024 1:15 AM

GBP/JPY: Bullish Potential Long

British Pound/Japanese YenFXCM

Description

GBP/JPY recently showcased an impressive performance. After a robust rejection from the previous day's low at 190.358, GBP/JPY surged beyond the critical Fibonacci level of 190.741, setting the stage for a potential bullish breakout.

The anticipation mounts as market watchers eye another thrilling move: a potential surge past the daily high of 191.122. Should a 15-minute candle validate this breakout by both breaking and closing above this pivotal resistance, traders will be primed for action.

With precision and anticipation, I'm assured to enter, aiming for a tantalizing profit target of 191.598.

Order cancelled

The trade was cancelled because GJ descended, breaching the daily support level.
Comments
TheFxAce
Your points on the market going up are easy to get and make me want to buy.
Youngking22
@TheFxAce thanks brother I try to be as transparent as possible.
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