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Analysis up on #GBPJPY
Hello friends.
Looking at the chart it seems that the GBPJPY broke its trendline support which now turned to resistance as you can see on the chart (move the chart to see the full trend line),
however, it's still early to say the trend has shifted to the downside, but I can say now the probability of moving to the downside is higher.
I think the market could go to test 148.00 which is equal measured move or ABCD move, where I will look for a buy trade targeting 149.00.
Safe trading everyone
Check today analysis below⠀
>> "The goal of a successful trader is to make the best trades. Money is secondary"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis up on #GBPJPY
Hello friends.
Looking at the chart it seems that the GBPJPY broke its trendline support which now turned to resistance as you can see on the chart (move the chart to see the full trend line),
however, it's still early to say the trend has shifted to the downside, but I can say now the probability of moving to the downside is higher.
I think the market could go to test 148.00 which is equal measured move or ABCD move, where I will look for a buy trade targeting 149.00.
Safe trading everyone
Check today analysis below⠀
>> "The goal of a successful trader is to make the best trades. Money is secondary"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
