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GBPJPY Technical Analysis and Trade Idea

GBPJPY Technical Analysis and Trade Idea

Published: 05-21- 2018

GBPJPY is above the historical support 149.200.  As seen on the H4 Chart, Dragon is trading in the upper Bollinger Band.

The current level is 149.400. It is above EMA 100 and EMA 50. This confirms us the Bullish Movement.

149.600 and 150.000 are the first targets of the pair. EMA 200 resistance of the H4 Chart 150.400 can be tested today.

The bullish trend line confirms the higher levels as well.

Our Trade idea  is to Buy GBPJPY at 149.400 .

STOP LOSS: 148.500

TARGET 1: 150.000

TARGET 2: 150.350

You can follow the trade  idea: https://www.tradingview.com/chart/GBPJPY/C4tbjhpZ-GBPJPY-Long-Opportunity/

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

Chaetreaderpro.com
Forex Signals

 

EURGBP :  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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