GBPJPY Market Outlook: May 9th 2022
Updated
The market showing the end of 3rd wave and have a great chance to hikes in intraday timeframe as the 4th wave movement.
So, my best scenario would be:
Buy on weakness at 161.55
1st target 161.96
Ideal target 162.33
Put stop loss slightly below the red line (161.19)
Trade closed: target reached
Target 1 reached
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