British Pound / Japanese Yen
Long
Updated

DeGRAM | GBPJPY rebound from dynamic support

GBPJPY is between the trend lines above the descending channel.

The price is moving from the lower trend line, broke the upper channel boundary and is now above the 38.2% retracement level.

The chart has formed a harmonic pattern.

We expect the rebound to continue.

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Trade closed: target reached
The graph has successfully overcome dynamic resistance.

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