Trader-VincentH
Long

Pattern Combo of GBPJPY, Buy Dip near 147

FX:GBPJPY   British Pound / Japanese Yen
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In my previous chart I analyzed 5 wave structure downside movement, and the structure failed to finish the 5th wave due to fundamental factor by hawkish speeches , which also warned u that TA tools' weakness confronting with fundamental factors.

Focus the CPI data this Wednesday which may boost the pair moving higher.

Now there are 2 patterns for the pair on 1H chart, generally bullish bias though with weak MACD , hints it may not be the best place to set up.
Consider to buy dip if price retest 147 level.

Target see price labels, trade cautiously.
Oct 25
Trade closed: target reached:
Further advance if price stand firm on 150
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