Update on GBPJPY Seems Bullish
Fantastics as the Pair respected the Resistance zone at 183.799 and drop down to the 4hour trendline which is the 200EMA. after the retest the pair seems to be Bullish but this is confirm when the pair pullback to the 180 area of value and does not break through to the downside.
The pullback to that area of value will play a significant role in the Technical analysis for the pair to continue it Bullish run. We are still aware of the bear move that is ongoing and we look to see price go to mitigate the area of value around the 182.88 without pulling back to the 180 zone first then that becomes a confirmation for the bear run.
Bullish Target; 181.3, 182.5, 183.6, 184.7,186.3
Bearish Target; 180.2 179.3, 177.5, 176.02.
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The pullback to that area of value will play a significant role in the Technical analysis for the pair to continue it Bullish run. We are still aware of the bear move that is ongoing and we look to see price go to mitigate the area of value around the 182.88 without pulling back to the 180 zone first then that becomes a confirmation for the bear run.
Bullish Target; 181.3, 182.5, 183.6, 184.7,186.3
Bearish Target; 180.2 179.3, 177.5, 176.02.
Dont Forget to hit the like, share, comment and Follow Bottom
#Vimhype
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