GBPJPY.1000.CFD trade ideas
GJ shortGJ short trendline break market structure lower high and corrective phase in form of consolidation
GBPJPY break 0.618 for 4Hbreak 0.618 when fall back to support , bouncing from 0.768 and perhaps will arrive as another shoulder where sitting on 0.268
perhaps fall to 100% ,and bounce to 0.618 (as some strong resistance ) ,then go on
hahaha
Gbpjpy might take a bull run towards 153.00#gbpjpy
In a bullish channel , broke trend line in 4hr , took support from the channel & now retesting levels. .
If price bounce back from the yellow zone, all set to go up again
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.09.
Take Profits:
TP1= @ 149.70
TP2= @ 149.40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
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up trend in a pullback.Daily up trend in a retracement.
It may drop to 149.60 which is a buy zone on the trend , and its also .786 fib level .
