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Gbpjpy_outlook

GBPJPY CONSOLIDATION AREA BROKE, GO LONG!Hi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. I see a strong uptrend on H1, H2, H4. The price broke 50EMA upwards at128.716, that confirmed the uptrend. After consolidation, price broke upwards from the last consolidation area at 134.000. Closed above it. Now i go long. I put my stoploss at 132.830. I won't use take profit in this trade, just let it run till the end of the uptrend. I will post future ideas when will I close this trade. Let's be successful together. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
Long
by Sparksoffly
2
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY Looking like the bulls are still in control. I wanted to see a bigger retracement to the downside giving us a cleaner entry for taking a long but that didn’t happen. When it comes to trading you can’t force things. You need to have a trading plan because failing to plan is planning to fail and more importantly you need to STICK TO YOUR PLAN. It does look like we are retesting support, we need to see how we react around these current levels.
by Layne_LV
4
GBPJPY Market Outlook | Daily Forex Market BreakdownGBPJPY Looking very interesting, I would have liked to see GBPJPY come a bit lower and reject off the 61.8 fib we got close but we technically didn’t reach it. Similar to the gold long last week that I was looking at we seemed to have rejected right before it. I am keeping a close eye on GBPJPY for possible longs soon I believe we could push up to around 134. As I just said I would have liked for us to come a little lower and give us a clean rejection off the 61.8 fib but that might not happen and we need to be adaptable.
Long
by Layne_LV
3