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GBPJPY Midterm Trade Plan after BoJ Statement

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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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

GBPJPY:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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