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Kelachi

GBPJPY ANALYSIS

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British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
Kelachi Updated   
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis pound poundyenshort priceaction short shortsetup hourly dailychart priceanalysis fourhourchart
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trendanalysis chartpattern waveanalysis pound poundyenshort priceaction short shortsetup hourly dailychart priceanalysis fourhourchart
GBPJPY


NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE)
(LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )

From a daily perspective we can see market is in a bearish flow.

We can see that price has broken the support zone and may likely retest the support turned resistance as a common pattern of impulse correction impulse.

REMEMBER: THE MARKET MOVES IN WAVES, ALSO NEVER FIGHT THE MARKET AS WE ARE THE SMALLER THAN THE BANKS.

After the retest if that happens we can initiate a short position to the target of the lower box holding the bearish candle.

This will enable the trader to be on a risk free situation.

REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE.

Monitor this pair from a 4Hour perspective for entries.

If you have any suggestion, drop in the comment section below.
Comment:
Hello traders, according to the analysis done few days ago we see the retest or the correction is happening.

Feel free to like, share and drop a comment.
Trade active:
www.tradingview.com/chart/fWbfcKAt/

PRICE WENT TO RETEST THE RESISTANCE ZONE AND IT SHOULD FOLLOW THE DIRECTIO TO THE DOWNSIDE.

Related Ideas

Kelachi
GBPJPY ANALYSIS UPDATE
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