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lobfxempire
Dec 22, 2020 2:01 AM

GJ TO 140.25 AFTER MINOR PULLBACK... Long

British Pound/Japanese YenFXCM

Description

[b]Whats Up Traders!

I just got done analyzing GJ for the week. I think a strong upsurge to 140 is definitely possible. Due to the fact we didn't completely fill the gap, and we're creating significant higher lows. Obviously there are more confluences, but those are the top 2 for me. Price has recently broke under a 1HR key level, and we're currently waiting on the retracement and what comes after. I predict an overall A to B rise to the -27% Fib Level. We could have strong resistance while we're still in the 138 price range. So, I'm going to wait until I see a solid bounce from around 138.25 if it does decide to crumble a little.

Like or Comment if this analysis provided any value to you

Thank You!

-Mr.Pipzz

Trade closed: target reached

All targets reached! Another successful trade in the books
Comments
VasilyTrader
Very helpful! Thanks a lot!
What do you think about my analysis:
lobfxempire
@VasilyPonomarev Great Analysis!
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