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pound- Yen has a rejection of the fib level 786 and we expect a natural retracement to hit the -27 level of this ABCD trade. Our tp area is in the 137.000 zones. it is a range of 230 pips. we will monitor this trade. used RR: 1:5
Currently price is trapped at Buy-Zone that could act as support or Resistance for Potential Long-setup on Daily charts. Waiting for further price action is best strategy prior to locking trade position. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
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As we previously expected to break the sideways direction, I expect to see a little decline at the support levels 133,339 and we return to test the bottom line of the sideways wave, which represents a strong support level in the previous days, then we will continue to the downside towards the 135,359 levels
GBPJPY expected to rise up to 1st resistance at 144.432 where it could potentially react off and drop down to 1st support at 141.120. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
143.360 is not officially a very strong support for GBPJPY , Today as the market opens GBPJPY is expected to be bullish overall today. It's a good entry 144.350 and if it crosses over 144.350 we can expect a good tail on 1D. GBPJPY buy@144.350 tp@145.579(150 pips) sl@143.360(90 pips) worth taking the risk for more updates follow me and if you want my mentorship...
GBPJPY reversed off its resistance at 144.432 where it could potentially drop further to 141.120. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY Long term analysis The safest thing is to wait for correction from the current rising wave. Then open positions up. For thrill-seekers, you can trade down in waves A and C