FX123333
Long

GBP/JPY: SIMPLE ANALYSIS, 2ND POTENTIAL TARGET,

FX_IDC:GBPJPY   POUND STERLING / YEN
534 0 9
In this chart you can identify the pullout has been taken into effect. Furthermore, the second target is the trend breaking out towards structure levels, I have also identified that the trend may use a pullback effect in order to maintain the waves channel. This may also be an advantage, considering long set ups. Whereas you can see a reversal after the target has been hit, this is another pullback structure method going down to the trends previous structure.

Opening point: 133.092
Target point: 135.780
Exit point: 131.602
Trade closed: target reached: target hit waiting for reversal

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