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ON THE WEEKLY CHART PRICE HAS TESTED THE 130.008 PRICE LEVEL (PURPLE), TWICE. PLACE A BUY JUST BEFORE 130.000 LEVEL WITH A STOP LOSS JUST BELOW THAT. NO PROFIT TARGET. LET YOUR WINNERS RUN.
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GBPJPY LONG EXPECTED - TARGET 146.XXX
The Pound has exploded higher on Friday and in my experience after such strong movements comes a decent pullback. I am bullish on the GBP as we are now trading well above the most important moving averages, aswell as having convincingly broken through the Daily 21 EMA. I am expecting a retest of the D21 and previous structure found at the 133.200 level before...
Sell the rally, but where to sell? The big blue 504 period EMA represents the Daily 21 EMA on this hourly chart, and as you can see we had 2 nice bounces off of it. I have marked up the 618 fib of the double top so if you were a bear you could short from 132.937 as a 2618 trade with an initial target of 132.477 or roughly 45 pips. The rest is up to your trade...
It a long term Trade with high Reward 1:3.5 Risk Reward let's see
I think we see nice retest, buy more lots SL 129.84 (see related ideas)
GBPJPY Hard buy breakout expected for long! Dont miss that! As always, Buy GREEN Sell RED breakout!
GBPJPY Buy Green/Sell Red Breakout - Simple and Easy
We wish that our analysis could be helpful on your trades. Here is an update for GBP/JPY, envisage for PRICE BREAKOUT. It would be a great idea to SELL on 139.797 and place your TARGET at 139.497
The price finding support area at 139.50. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 140.50 with potential target at 144.30- 145.70.
We wish that our precise signals could be favourable on your trades. Its an update for GBP/JPY, Forecast for PRICE BREAKOUT, BUY on 141.606 and place your TARGET at 141.906
We wish that our precise signals could be favourable on your trades. Its an update for GBP/JPY, Forecast for PRICE BREAKOUT, BUY on 134.737 and place your TARGET at 135.037
We wish that our precise signals could be favourable on your trades. Its an update for GBP/JPY, Forecast for PRICE BREAKOUT, SELL on 130.680 and place your TARGET at 130.480
We hope that our analysis can help you in your trading. This is an update for GBP/JPY, it is predicting for PRICE BREAKOUT. It would be a great idea to SELL on 130.000 and place your TARGET at 129.600