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Forex Analysis Details

GBPJPY: Get Ready for Another Short Entry

  • PUBLISH BY: FxsuccessBD
  • 02 Jul, 2019 5:53pm

GBPJPY Market Analysis:

GBPJPY is trying to create a consolidation zone at 137 areas and yesterday got a support zone at 136.78 levels. According to H4 chart pattern this pair can take some upside momentum towards 137.4 areas where have diagonal support zone. And this level can be a profitable and high reliable short trade set up. As GJ currently going to through strong downside pleasure so our suggestion is to follow the trend and wait for the Sell Entry from 137.4 areas. 

PIVOT at a glance: R3: 1.35571, R2: 1.35133, R1: 134882 PIVOT: 1.34444, S1: 1.34193, R2: 1.33755, S3: 133504

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