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Yuriy_Bishko
Aug 3, 2020 8:25 AM

GBPJPY is inside the global Channel! Long

British Pound/Japanese YenFXCM

Description

The price is under the Resistance level and can show us a pullback but the global trend is bullish.
I don't recommend to open sell, it's better to wait and look for buy entry.
Potential profit will be 3 times bigger than the risk.

Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!

Comment

Comments
JoeSedona
It’s really staying under the resistance zone. If it breaks 139 I advise placing the buy order. I wonder if it will hit 141.
NadaChahade
I think it will retest 137.8
hazlansabri
Will it retrace to 135 or 136 for monthly time frame ??
danmohnwa
Please at what level is it advisable to open long?
Yuriy_Bishko
@danmohnwa, it is possible after a pull back to the previous level
Yuriy_Bishko
@danmohnwa, I will post an update at H1 timeframe later.
eymenagrax
Thank you yuri good vision <3
Yuriy_Bishko
@eymenagrax, glad to be useful!
daylite6691
Thank Yuri. Love your ideas.
Yuriy_Bishko
@daylite6691, you are welcome!
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