GBPJPY Midterm Trade Plan after BoJ Statement
We have mentioned the JPY fundamentals in our USDJPY analysis of today.
GBPJPY is trading above EMA 50 -147.000- of the daily chart. A daily closing above 147.000 will confirm the bullish run.
Dragon is safe as long as it holds above 145.000. The stop loss of all LONG trades – midterm, longterm- must be set at 145.000.
As mentioned above, we need to see a daily closing above 147.000.
The targets of the pair will be 149.200, 150.800 and 151.500 midterm.
At 148.800 we have a bearish shark pattern. We plan to use this pattern a shortterm selling opportunity.
We will keep the members updated.
You can follow the idea: GBPJPY TRADE PLAN
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