Trading Signal Results

GBPJPY Analysis

GBPJPY reached the major resistance area in the 4-hour timeframe chart

GBPJPY Update:

Due to US CPI economic news release, USD become weaker this makes the GBP more stronger against USD and JPY, which makes the GBPJPY to move up in short time. GBPJPY is trying to break the resistance area which directs to the SL price. However, GBPJPY still have chances to move down more due to JPY major economic news on this week.

Exercise patience and await a strong signal for the next favorable trading opportunity.

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GBPJPY Analysis:

GBPJPY at the higher high area of the ascending channel in the higher timeframe weekly chart

In the lower timeframe 1-hour chart, GBPJPY at the horizontal resistance area

After the confirmation of the Downward movement, GBPJPY Sell signal given.

GBPJPY Sell signal reached the take profit target successfully.

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