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GBPJPY H4 | 9th Match Looking at the H4 chart, the price is currently at our buy entry of 161.80, which overlaps with the support level. If the price were to reverse from this level, it could potentially push up to our take profit of 165.80, which is our recent swing high. Our stop loss will be 159.98. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
GBPJPY Trade Idea (3rd Feruray 2020)Currency Pair: GBPJPY Timeframe: H1 Date/Time of Signal: 3rd February 2020 / 1600hrs (SGT) Review: The Pound recently declined amid fears of hard Brexit (renew fears of no-deal Brexit) while the safe-haven currency such as US Dollar and Yen demand continues due to the Coronavirus. For the month of January, GBPJPY have been ranging between 141.00 and 1.44.00. Following the trend, trade signaled to sell GBPJPY (Entry: 142.65) with 3 Take Profit (TP) Targets (TP1: 142.45, TP2: 142.25, TP3: 142.05) and Stop Loss (SL) at 142.95.
by danielcheong1974
1