UGTraders

GBPJPY - Long-Term vs Short-Term

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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