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ImreSG

GBPJPY / BOUNCE OFF SUPPORT / H1

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
ImreSG Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Supply and Demand Trend Lines GBPJPY confluence
11
7
trendanalysis supplyanddemand trendline gbpjpy confluence
GBPJPY - > Counter-trend play
Trading Bias: Long
Technical Strategy: Technical Confluence -> Weekly Support Area + Broken Trendlines + Fibonacci retracement cluster
Comment:
On market open will be looking to assess risk on vs risk off sentiment.

While this is an important support level, it may still break. Very important to note that this isn't an automatic active Trade as soon as the markets open.

Technically it will be important to see a series of higher lows on the lower timeframes (15min to 5min)
Order cancelled:
We have broken below the support channel, invalidating this trade idea.
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