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CharlieGunner
Sep 16, 2020 8:01 PM

Possible GBPJPY Long Opportunity 

British Pound/Japanese YenFXCM

Description

This pair has been moving in an ascending channel creating a three drive pattern since the 18th of March and is currently sitting at a support level while bouncing off the ascending channel's trendline (which perfectly aligns with the 38% psychological fibonnaci retrace level). I believe this signals for a long opportunity at 135.950 with first target at 137.080, second target at 138.220 and a long term target at 139.015 the least. Stops placed at 134.340

N.B. This is not a trading signal or any form of financial advice. Further individual analyses advice.
Comments
PolarHusk
As always very nice work!
lobfxempire
Great analysis my guy💪🏾 keep posting!
CipSoundstream
GBPJPY is at buy from 134,600, that is the right point to trade, the banks made their move, now let-s ride up the previous oversold.
BakiShirzadi
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BakiShirzadi
Nice analysia
CharlieGunner
@BakiShirzadi, Thank you brother
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