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GBPJPY Technical Analysis and Trade Idea

Update:Bullish Dragon to add long

GBPJPY Technical Analysis and Trade Idea

Yesterday we have shared with the premium members GBPJPY Long idea, and trade is working as predicted.

And we have published a free trade plan as well.

https://www.tradingview.com/chart/GBPJPY/m1TOuP04-GBPJPY-Simple-Trade-Plan-Levels-to-Add-Long/

Dragon break above 149.200 psychological resistance.

149.700 will be the next target of the pair. – Critical Resistance-

150.400 and 150.800 will be the next structural levels.

We predict the main retracement will take place at 151.200 – 151.400 levels as seen on the chart.

We will update the trade for premium members as soon as we see a change on the direction of the movement. We remain Bullish on the pair.

UPDATE: 03-20-2018

Bullish Dragon @148.900

LONG with Stop 148.500

TARGET: 149.200 AND 149.500

UPDATE: TRADE REACHED THE TARGET.

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

 

 

 

CHARTREADERPRO INTRADAY SIGNALS
GBPJPY Technical Analysis:   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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