GBPJPY – Buyers price action is following while jpy currency is

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GBPJPY – Buyers price action is following while jpy currency is weak

Trend: Strong Buy

Support/Resistance:
R4: 151.917
R3: 149.748
R2: 148.637
R1: 147.024
S1: 143.685
S2: 142.900

Price action:
Buyers take over this currency pair. Now we have to be focused on how much left to buyers. Will we hit all targets and when sellers show off, and how we're gonna react after. Be carefull because last weekly close was small sign from sell side.

Potencial trade idea:
Bulls targets:
T1: 148.637
T2: 149.748
T3: 151.917

NOTE – We are trading GBPJPY via the preferred trading setups

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Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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