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UnknownUnicorn3740956

GJ going up?

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
UnknownUnicorn3740956  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpybuy gbpjpyidea
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trendanalysis chartpattern indicator gbpjpy gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpybuy gbpjpyidea
Looking at GBP/JPY ANALYSIS from the 1D timeframe, there has been a downtrend in price, which started last week, the decline started
at the levels of 153.275 and now it has reached a support level at 151.295, By this, I can see a potential for a reversal back to
the resistance levels at 153.275
here is a list of things I looked at before taking my direction :

  • Overrral trend of GJ is an uptrend graph
  • The decline of price was more of a pullback
  • The RSI on the timeframe from 4H - 1H is signaling an oversold graph, which means We are looking out for potential reversal signals
  • The graph has reached the support levels
  • The channel is uptrending
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