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Gbpjpyprediction

GBPJPY (1W)Currently, price is resting on a critical area where it has tested for resistance several times, and its next to a foundation level which means consolidation. More so, on minor structure fib level is at0.00% and it already hit 0.00%. TP1 and major structure its at 61.80% and 0.00%, although price broke through a minor trend-line , pushed up so i want to see that same bullish momentum. Though during the beginning of Asian session we may have some bearish momentum then continuation with bullish momentum. But wait for it to break through that resistance zone, and foundation level but expect it to move up to the 170
Long
by louisemwesigwa
4
GBPJPY (240) BREAK AND RETEST.hello, currently looking for a break and retest of that minor trendline price is currently near at. More so, its near a resistance zone which has been tested previously, before. Thus this is a critical area, more so its near 61.80% which stands for reversal. Although most times when price is around an are with zones, trendlines etc, it tends to consolidate before making a big push. Overall i want to see price break that minor trendline retest it again or a zone before the big push. JESUS LOVES YOU<3
by louisemwesigwa
1
800+ PIPS TP hit in GBP/JPY, how to trade it now?Dear traders, if you have been following my updates you already know that we have been selling GBP/JPY since the price hit 168.40 and we have secured 800 pips profit when price dropped to 160. Since then, GBP/JPY has retraced quite strongly after hitting the 100-day EMA at 160. Currently, GBP/JPY is in a tricky area and it is a little difficult to anticipate the next move. That being said, 166 is a minor resistance level and I might try a small sell only if bearish price action happens at 166.
by KaltoireCapital
6