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Gbpjpy_outlook

GBPJPY 800 Pips/8% Account growth expected will it reach 145.00?GBJPY ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Price above Point of control-Volume profile 2️⃣ Bounce from lower trendline 3️⃣ Broad weakness of USD, Positive brexit talks 4️⃣ 138.00 Dynamic support and resistance 5️⃣Bounce from 134.00 Key psychological level 6️⃣ 135.00 will Acted as strong support 7️⃣ Technical support - Bull 8️⃣141.500 will acted as key reversal-bearish 9️⃣ July high-Immediate resistance-Alternative bearish entry 🔟 Possible swing target-145.00 psychological level #️⃣ Overall bullish trend-Within converging triangle pattern —————-❇️——————- 📉 Technical bias-H4-Bullish Price is around 50,100,200 Exponential moving average 100,200 Exponential moving average will act as support-Bull Relative strength index - Reached 60- Still it has some room for the bull MACD -Turned green and well above signal line, oscillators pointing upward Stochastic - Reached 75- overbought condition short term fall back expected Ichimoku cloud -cloud is still green-Price is above the cloud-Middle line support Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band —————-✳️——————- Key reversal area's 136.000 psychological level 142.600 August month high 139.730 July month high 136.050 50% Fibonacci retracement level 140.00 Major psychological level 136.400 Possible entry- Bull 141.500 Trendline resistance/Alternative bearish entry —————-✳️——————- Bullish entry #poundr #gbpjpy Entry price - 136.400 Take profit 01 - 138.400 (180 PIPS) Take profit 02 - 141.500 (475 PIPS) Take profit 03 - 145.000 (800 PIPS) 🚫 Stop lose 135.400 ⬆️ 6.3% Growth expected ⤴️ Account growth .73: 6.3 ✅ Risk reward ratio 1 : 8.5 —————-⚜️——————- Push the like button , And cheer up if you found useful
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by forexorbit