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weirdmoney

GBPJPY Long, after breaking hourly trend line

Long
British Pound / Japanese Yen (FX:GBPJPY)  
weirdmoney Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Fibonacci Trend Lines GBPJPY gbpjpylong gbpjpyprediction gbpjpyforecast
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trendanalysis fibonacci trendline gbpjpy gbpjpylong gbpjpyprediction gbpjpyforecast
GBPJPY consolidating for a while in a descending manner, but unable to break below 149.5 and stay under it. It looks to me that retesting 153 is a very possible scenario. I have a position from 149.95 and will be adding some more after breaking the hourly down moving trendline. First TP at 152-ish then 153-ish.

We have some fundamentals also, the world is opening up after the COVID-shock, especially Great Britain, where pubs are already open. The risk-on scenario is at the gates.

BTW this is my first opinion, so be gentle to me, please.
Comment:
Well, that worked very well. Closed half of my positions
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