Hello traders, after declining to 190 level, GBP/JPY has staged a remarkable comeback. The support level on the 4Hour chart has held and GBP/JPY is currently up 170 pips from the lows.
So, congrats to all those who managed to buy the dip in GBP/JPY. Currently, the next Resistance level lies at 192.96 level followed by 193.55
Based on the price action, it seems like GBP/JPY will continue to go up. So my strategt would be to buy the dips in GBP/JPY
So, congrats to all those who managed to buy the dip in GBP/JPY. Currently, the next Resistance level lies at 192.96 level followed by 193.55
Based on the price action, it seems like GBP/JPY will continue to go up. So my strategt would be to buy the dips in GBP/JPY
Note
Price is continuously moving up as mentioned earlierNote
Price has moved 110 pips since I posted this long ideaTrade closed: target reached
GJ reached the target as predicted
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.