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Gbpjpysetup

GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, GBPJPY did not move in a DOWN SIDE WAVE. The reason for that was because of a FUNDAMENTALLY JPY WEAKNESS. XXXJPY has been BUYing very fast since last week. - JPY has weakened slightly as VIX is slightly down. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. So GJ can still be BUY. - Currently, GBPJPY can move up to the LEVEL of 169.892. Also, if GBPJPY STRUCTURE BRAKE, it can move up to 161.097 LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT.
by benny_marshall
1
GBPJPY (1W)Currently, price is resting on a critical area where it has tested for resistance several times, and its next to a foundation level which means consolidation. More so, on minor structure fib level is at0.00% and it already hit 0.00%. TP1 and major structure its at 61.80% and 0.00%, although price broke through a minor trend-line , pushed up so i want to see that same bullish momentum. Though during the beginning of Asian session we may have some bearish momentum then continuation with bullish momentum. But wait for it to break through that resistance zone, and foundation level but expect it to move up to the 170
Long
by louisemwesigwa
4
GBPJPY (240) BREAK AND RETEST.hello, currently looking for a break and retest of that minor trendline price is currently near at. More so, its near a resistance zone which has been tested previously, before. Thus this is a critical area, more so its near 61.80% which stands for reversal. Although most times when price is around an are with zones, trendlines etc, it tends to consolidate before making a big push. Overall i want to see price break that minor trendline retest it again or a zone before the big push. JESUS LOVES YOU<3
by louisemwesigwa
1