Hello traders, let us take a look at the 4H chart of GBP/JPY.
As you can see, price has respected the dynamic support level( 100 period Moving Average).
In addition, the support zone indicated in the chart is also unbroken.
I feel there is enough bullish momentum for price to reach 193 and beyond. The first
minor resistance would be at 192.25 which if broken will take the price towards
193.50
We are already holding buys from 190.90 level. Recommend traders to load buys
if price dips to the 191 level again
As you can see, price has respected the dynamic support level( 100 period Moving Average).
In addition, the support zone indicated in the chart is also unbroken.
I feel there is enough bullish momentum for price to reach 193 and beyond. The first
minor resistance would be at 192.25 which if broken will take the price towards
193.50
We are already holding buys from 190.90 level. Recommend traders to load buys
if price dips to the 191 level again
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GJ continues to rise
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192.20 set to be tested today
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And we breach 192 :) as I had predicted
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Buys from 190.90 currently in 140 Pips profit
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UPDATE : I have closed all buys , currently looking for a sell set up, will consider selling if price reaches 193.54 and shows bearish price action