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Sunday, July 25, 2021

GBPJPY Analysis July 25, 2021

GBPJPY Analysis July 25, 2021

On the weekly timeframe we can see that price formed a large wick to the downside which could signify a sign of reversal. If we are maintaining the overall bullish trend on this pair then we should see price surge to the upside.

On the H4 timeframe we are at a potentially reversal area but it looks as though buyers are stepping in and taking over. I will only start to look for buys once price breaks above the 153.000 area. If price does manage to respect the current area then I will look for short opportunities.

from TradingView Ideas
via gqrds

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