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Gbpjpyintraday

GBPJPY BUY Zone for Aug 22, 2023If we see a strong rejection from the 185.50-185.60 zone after 1pm EST today, we might get a good BUY opportunity for the Higher Timeframe Buys continuation on GBPJPY. DONT RUSH the entries, because there is an extra push that can still happen into 185.30 before the BUYS continuation. So it is better to wait for a good confirmation, either looking at the lower timeframe structure reversals or strong 1H bullish body closures, or engulfing candles, etc. Whatever your confirmation may be. This is just a probabilities based game, it is always better when we go with the HTF structure.
Long
by Coinducation
GBPJPY Analysis (03/29/2020) Intra-Day TradeExpecting a movement in reaction to the key levels identified on the above chart analysis. Following this trade, expect a reaction to the resistance level marked in blue (4HR Resistance) for a short-entry. Swing trade analysis is provided below as an attatchment. Forex is a highly leveraged product. Trading Forex carries a high level of risk due to the used leverage which can work both to an advantage as well as disadvantage. As a result, trading Forex may not be suitable for all investors due to potential loses of an invested capital. This is not financial advice, but simply an opinion. Follow your analysis, and trade safely. Manage your risk; happy trading!
Long
by enigmalchemy