英鎊 / 日圓
已更新

#GBPJPY: Buyers and Sellers Both Has Equal Chances!

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Hey there! So, GBPJPY is at a pivotal moment, and we might see a mix of buying and selling activity in the market. Since the bulls aren’t exactly sure what to do next, here’s what we think:

- The GBPJPY pair is having a tough time breaking through the 194 region. The Japanese yen (JPY) is holding steady, making it hard to predict what will happen next. This has made trading JPY pairs a real challenge.

- Looking back at how prices have behaved in similar situations can give us some clues about what might happen in the future. But it’s important to do thorough research before we start trading. Just because something happened in the past doesn’t mean it will happen again.

- The Japanese yen (JPY) also tends to go down when the US dollar (USD) goes up. Since we’re bullish on the DXY index in the coming days, we think the JPY will probably take a hit, and it could go down a lot. It’s also worth keeping an eye on the GBP, which has been one of the most popular currencies since the market opened earlier today.

- In the meantime, we suggest setting two take-profit targets: one at 197 and another at 199. These levels are likely to see a lot of selling activity.

Now, let’s talk about what sellers should do:

- The price is currently in favour of sellers since it dropped from 195.50 to 193.50. And since the last two daily candles closed with strong bearish volume, it looks like the price is going to keep going down.

- If the price breaks below 190.50, that would be a great opportunity for sellers to make some money.

Good luck and trade safely!

Thank you for your unwavering support! 😊

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交易進行
As we had explained on our chart that if price reject the level then we may see it going above 198 or 199.

Trade is active +305 pips.

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交易結束:目標達成
542+ take profit almost hit, we now recommend closing all the trades.

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