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Gbpjpyanalysis

GBPJPY BUY LONGThe British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
Long
by Verifiedtrader07
GBPJPY Trading Plan - 8/Jan/2023Hello Traders, Hope you all are doing good!! I expect GJ to go Up after finishing the correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
GbpJpy- Buy dips for 165 target and great R:RLike all Jpy pairs, GbpJpy also reversed strongly from support yesterday. Now the pair is trading in a resistance zone, but, considering the power of reversal from yesterday, in my opinion, this resistance will fall. At this moment GbpJpy is correction yesterday's up move, and this drop could offer traders a good chance to enter buy trades at a good price. My target for GbpJpy is 165 zone and a drop under yesterday's low would negate this bullish scenario
Long
by Mihai_Iacob
21