UGTraders

GBPJPY - Long-Term vs Short-Term

UGTraders Updated   
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY currently have interesting insight, the long-term trend (4H timeframe) suggests the market will continue the up direction for a while, at the same time the short-term trend (15m timeframe) suggests that we will see a minor correction at the beginning of the market opening.

The market will target the support level, and if the market break below it, we will have another look at the long-term analysis to check if everything still going well...


To be updated....
Comment:
The short-term trend reached it's goal, you can target bounce back with tight stop-loss below the support level.

Trade closed: target reached

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