GBP/JPY Buying the Dips Continues

GBP/JPY Technical Analysis

• Buying on a dip
• Dragonfly doji on H4 timeframe
• Pinbars clearly define zones

MEGATREND MAs: Bullish

H4 Chart GOLD

1. Trend line start
2. Bullish resistance
3. Bullish bounce
4. Dragonfly doji
5. Target

The price is in uptrend. Strong daily trend suggests a bullish continuation. After the price has made a strong daily momentum bounce we can see H4 providing good buying opportunities.163.30-45 is the buying zone. Watch for the 164.31 price target. Above the way to 164.50 is open.This analysis is a part of the Megatrend trading course. Watch for 1840 support.

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Cheers and safe trading,

Nenad