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Mahtab_Tradia
Sep 5, 2022 8:24 AM

GJ Bullish Pressure Long

FX:GBPJPY60
British Pound/Japanese YenFXCM

Description

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As you see in the 1H time frame, price has been pushed to the upside after touching the yellow support area.

Currently, price is facing a strong bullish pressure has made a higher high and broke the resistance level.

Wait for some retracement in lower time frames like m15 and then we can expect a good rise to the next resistance level at 162.400

What is your view on GJ? Feel free to share your ideas in the comments.
Trend AnalysisSupport and ResistanceCandlestick AnalysisGBPJPYForex
Comments
rTrader_official
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with respect I'm disagree with your idea, GBP is more volatile than JPY, I think GJ will be bearish again
ProjectSyndicate
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upvoted to support you
Vanno24
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TP hit good job 👏🏾
Solldy
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A good description of the analysis, but the chart itself isn't the most exact. I hope that next time the graph will be more concrete. Good luck in trading!)
EriFX1
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@Solldy I think she nailed it 🥶
ArmanShabanTrading
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Great Idea 💡
Mihai_Iacob
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Nice double bottom there for gbpjpy.
Thanks for sharing
arztoday
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goodluck 😊
P_S_trade
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Nice trade pattern
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