GBPJPY LONG

❤️Forex Besties❤️

INFORMATION

The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year.
Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession.

🔥BUY GBPJPY 188.400 - 188.600 SL @187.494

✅TP 1 @ 188.900
✅TP 2 @ 189.300
✅TP 3 @ 189.692


❤️FOREX BESTIES WEB - Technical Analysis

Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS

❤️NOTE

*Economic deterioration confirmed in Q4
*Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation
*Sterling eases further while FTSE 100 opens higher

❤️MONEY CAPITAL MANAGEMENT

⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital

Comment:

Take Profit 1 Reached 188.900

Comment:

Market Reached 189.150

Comment:

Take Profit 2 Reached 189.300

Comment:

Target Profit 92% Reached

Comment:

Take Profit 100% Reached

✅TP 2 @ 189.300
✅TP 3 @ 189.692

Have a nice day