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GBPJPY TECHNICAL OUTLOOK

MrSolar Posted 28 June as Analysis on GBP/JPY, Target: 146.0, Date: 1st of August, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy
INDICATOR: ICHIMOKU
CHARTS: DAILY AND WEEKLY
With price inside the cloud in both chart, its likely for a ranging market to occur. Possible target could be the 161.8% extension of the market out area in the daily chart below.
WEEKLY CHART:
DAILY CHART:
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2 Comments
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MrSolar 27 July

Interesting to see how this pans out

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MrSolar 1 Aug.

Beautiful projection.

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GBPJPY TECHNICAL OUTLOOK

MrSolar Posted 5 May as Analysis on GBP/JPY, Target: 152.5, Date: 3rd of July, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy
INDICATORS: ICHIMOKU
CHARTS: WEEKLY AND MONTHLY
Failure of price to drop lower from the cloud on the weekly chart, suggest bullish continuation to the top of the cloud and a possible break above. The 100% extension (152 - 153 handle)of the marked region on the chart below would be a likely target for this run up.
On the monthly chart, the last month candle suggest good bullish pressure also.
WEEKLY CHART:
MONTHLY CHART:
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