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Trading Idea - GBP/JPY, 14-02-2022
Trading Signal: GBPJPY
| Order | Buy |
| Direction | Bullish |
| Pattern | Support Line Breach |
| Interval | 4 hours |
| Length (Candles) | 5 |
Idea Summary
The short term GBPJPY price forecast is bullish. The GBPJPY price is retracing up after breaching below the support line. Most likely the price will continue advancing to test Fibonacci 23.6 level while there is small likelihood it may reverse down to test the 200-period moving average MA(200) again.
Note:
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