Hello traders , here's my point of view about GBPJPY , please do like follow and comment for more
disclaimer: This is not a financial advise , this trade idea should not be used as a vehicle of investment.
Technical & Fundamental perspective
They'll print the JPY into oblivion. THAT'S what we call inflation and currency devaluation. Welcome to the new reality.
We've blown through the recent zone; technically not wiped as the April candle has yet to close. We must wait for the proper monthly closure to confirm a long-term breakout
We follow the flow; & the flow is never wrong, and says the momentum is
still pushing upwards.
Next monthly areas are 180-190 but far off for now. Focus on weekly zones within this monthly segment. 4H structure for more immediate setups. A lot of open upside space; be careful.
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