Thursday, March 11, 2021 9:33 AM EDT
The GBP/JPY is very strong. I am bullish on it and I expect new highs.
The Yen weakness coupled with the GBP strength is giving the trade a nice potential for a further move up. We can see that the order block has been tested and there are signs of a possible continuation up. the 151.20-30 zone is where buyers are and I expect 151.60 followed by 152.02. Strong zigzag is in play.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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