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British Pound / Japanese Yen
Long

GBPJPY:Waiting for a breakthrough - Ratio(1:3.05)

By KELLEN
Updated
# Execute trading strategy #

Wait for the general election , make a breakthrough

BUY : 141.47
STOP : 139.00
TARGET 1 : 143.55
TARGET 2 : 146.50
TARGET 3 : 148.87
Note
Testing resistance level
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Note
Upward breakthrough
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Note
On December 12, Britain will hold the lower house of Parliament Election.The market is waiting for results.
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If the election results are good, the pound will continue to be strong.
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If the election results are bad, then risk aversion is rising, the yen is up and the pound is down.
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Moderate focus, or lower position.
Trade closed: target reached
TARGET 1 : 143.55
TARGET 2 : 146.50
The targets has been achieved.
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Fundamental AnalysisGBPJPYLONGMoving AveragesWedge
KELLEN

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