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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

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Price already reached my TP. Either wave ii already completed or got continuation, we need to wait and see. Unless both the critical point is break, I still prefer Bullish reversal trend.
 
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Reversal Bullish still valid. Price just break the small upper trendline which is convince me more to stay with reversal bullish idea. Please watch the Reversal Bullish Confirmation Line closely. Still long way to go.
 
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So far, reversal bullish idea still valid. Lets wait and see if the price can break the upper triangle trendline for more confirmation. Good luck.
 
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At the moment, got 2 possibility which is either Reversal Bullish or Bearish Continuation. This can be confirm later after we see a breakout at the triangle trendline. A breakout to the upper triangle trendline give me more confirmation for Reversal Bullish to make wave iii to be happen. Otherwise, we shall see a Bearish Continuation. Please watch closely all the "Red Lines" to assist you and wait for a good signal from BSTS before make any entry. Preferable Reversal Bullish.
 
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At the moment, bull looks stronger then bear. Price already break the upper triangle trendline. Still waiting for my final confirmation for Reversal Bullish which is if the price break my "Reversal Bullish Confirmation Line". Preferable Reversal Bullish.
 
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Watch closely the new Bullish Trendline Channel. As long the price move along inside the channel, the more confirmation thats wave iii bullish in the making.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.13581
USD / JPY
156.802
GBP / USD
1.32843
USD / CHF
0.83435
USD / CAD
1.41842
EUR / JPY
178.474
AUD / USD
0.69567
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