2021.01.19 GBPJPY Fundamental + Technical Analysis Practice Buy
Overall Trend showing bearish after defending current bullish trend @ 142.000 level.
Price retraces @ 140.400 (current support) to meet the mid level zone.
Temporary retracement from the support to the mid zone driven by the COVID19 news in Japan, expecting to bring the price up to the nearest level of 141.300 level.
1:1.51 risk reward
17 pips to 11.5 pips.
Price retraces @ 140.400 (current support) to meet the mid level zone.
Temporary retracement from the support to the mid zone driven by the COVID19 news in Japan, expecting to bring the price up to the nearest level of 141.300 level.
1:1.51 risk reward
17 pips to 11.5 pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.