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Gbpjpyshort

GBP vs JPY: Longterm analysisHello everybody! After watching the long-term GbpJpy pair, it can be said that the downtrend is approaching. Cutluk H4 can't read the maximum number of times. There is a strong possibility that gbpjpy will not find strength this time and will go down. However, since Forex is a game of probabilities, I can say that it is possible to wait by placing pending orders at certain thresholds. This threshold is initially 168.80. It is necessary to put a sell stop here and wait for a shower. But if we consider otherwise, we can see which probability is more correct by placing a buy stop order at the price of 169.15. In any event, we will emerge victorious. Good luck!
Short
by Forexcues
2
GBPJPY - Daily Trade Idea - 14-Dec-22GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX