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GBP/JPY Potential Upward Movement

GBP/JPY Long-Term Trend: Bullish

Key Resistance Levels: 191.498, 192.121, 192.952

Key Support Levels: 189.466, 188.331, 187.565

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 179.614 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

GBP/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a key level of 188.331 and has sustained above that. As of now the pair has broken a minor level of 189.466 and retested before continuing the momentum.

Signal Idea:

Buy Stop Order @ 190.400

TP @ 191.969

Stop Loss @ 189.292

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

2 comments

  1. Hi I sent an email. I paid via crypto and sent an email with confirmation. But haven’t gotten a reply in 2 days.

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