GBPJPY might pivot lower
GBPJPY displays technical weakness, consolidating in the coil (a low-volatile trading range) above the dynamic support area.
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Short Term Elliott Wave Impulse in GBPJPY Favors Higher
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GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as
Status : LEVEL MAINTAINED
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The strong short-term increase in GBP/JPY calls into question the currently slightly bearish basic trend. A trend reversal is
Status : INVALID
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GBPJPY: Buying The Dips at the Blue Box Area
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The bearish basic trend is very strong on GBP/JPY but the short term shows some signs of running out of steam. However, a
Status : TARGET REACHED
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The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying
Status : NEUTRAL
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In the short term, there could be an acceleration of the basic bullish trend on GBP/JPY. This is a positive signal for
Status : INVALID
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All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/JPY as
Status : INVALID
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GBP/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as
Status : LEVEL MAINTAINED
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Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would
Status : INVALID
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All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase)
Status : LEVEL MAINTAINED
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