British Pound / Japanese Yen
Long
Updated

#GBPJPY: 600+ Pips Swing Move, JPY To Drop!

4 280
GBPJPY has successfully rejected the area previously identified in our analysis of GJ. We had anticipated a price rejection and reversal with a strong bullish impulse, which has materialised. Following the positive candle close on Friday, we anticipate a continuation of the bullish trend and potential reaching of the 200 mark.

When trading, it is crucial to prioritise risk management. Conduct your own analysis and utilise this information solely for educational purposes.

Three potential targets have been identified: 198, 200, and 202. A stop loss can be positioned below our buying zone, as indicated by the black-marked zone.

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Team Setupsfx_
Trade active
300+ pips trade is active, keep the trade at breakeven.

snapshot

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