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Analysis on #GBPJPY
The GBPJPY broke its short term trend line support and it is possible the market might continue to the downside if it breaks below156.00 current support.
if the market move and close below the current structure support level, then i will have a confirmation the market turning bearish, then look for sell entry targeting the next level of support
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Check today's analysis below⠀
_____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Clean and detailed analysis. Thanks for sharing your insights. 🙌
TradingBonus
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Good one.
Astro_fxd
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Good job
Forex101analysis
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I think GBPJPY is bullish according to Daily chart ,the is a reversal pattern on a strong zone which 156.000 harami and on the previous day it formed hummer about level 156.00 .I think the new target is 157.00 and According to market sentiment COT YEN will be weak