GBPJPY Long AnalysisIt's a new week i hope you are pumped for the trading weekend. On the opening of the market, we can see a possible high forming on the hourly and breaking the high @ 149.761. If the market can close above 149.761, we should expect a bullish run or push up to 151.010.
Meanwhile, on the H4, price seem to be respecting our support line @ 149.471. On that note. we'll be expecting a bullish push which will be forming a bearish retracement @ 151.010
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The weekly seem to be telling a different story meaning, we should be expecting a deeper retracement to 151.874.
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We'll settle on the Daily timeframe, which is the retracemet to the neckline of the Double top that was formed.
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Do your proper analysis before taking a trade.
