Forex Signals

GBPJPY – Bullish Continuation Setup


The GBPJPY cross in its 2-hour chart shows the sideways movement, which and the test of the psychological support at level-134. 

The consolidation above this level, and the absence of a reversal pattern, suggests the possibility of an upward movement which could drive the cross until 136.75 level.  


The level that invalidates our bullish scenario locates at 132.7


Trading Plan Summary


By Eduardo Vargas

Eduardo Vargas is a technical analyst and independent trader based in Buenos Aires, Argentina. He is an Industrial Engineer and holds a Master in Finance degree. In 2008 began to trade Chilean stocks listed on IPSA. From 2013 started to trade CFDs on Forex, Commodities, Indices and ETFs markets. He analyses different markets combining the Elliott Wave analysis with Fibonacci tools. He provides a market mid-long-term vision.

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