Hello Everyone!!! • H4 Chart: According to the emergence of H4 time range, it can see that since the GBPJPY market last week, the GBPJPY market has transformed into growth. From late September 2022 to last night, the risk is higher, and the level of fluctuations this morning is high. After I corrected the transaction meeting to 159.38, the price seemed to rise again. The price of GBPJPY is now 163.88-163.93. The upward movement this morning is not so strong, and I have brought the price to 20 beds. This is still a sign of buying weaker interests at the Asian conference. For signals from other indicators, the RSI period 5, you can now see that the price location rises to level 70, which shows that the market is watching the next 30th level after last month.
• H1 Chart: At present, the trend of H1's time range seems to be as concerned. We can monitor the appearance of the candlestick on the candlestick on the Bollinger Band 20 to monitor this situation. Even since the end of last month, the candlestick has been trying to surpass the simple moving average indicators. 120 This shows that it is very interested in buying the GBPJPY market. Similarly, because of the strong trading of buyers, the fifth stage of the RSI indicator has also risen at level 70. Part GBPJPY still continues the upward trend, which may reach 142.20.
• Conclusion: Based on the analysis of each timetable in the trading meeting this morning, it shows the situation. Although the bullish trend last night temporarily corrected, the next price rose again. Therefore, my conclusion is that the correct movement of GBPJPY can still return to the observation trend. In the first two weeks, the trend of watching the bullish may increase to the highest level. The best area for purchasing transactions is about 164.00. The analysis is to view the direction of the market, not the certainty of profit. Use currency management correctly to avoid huge losses. Losses are part of foreign exchange business activities. I hope it will provide benefits and enlightenment for all forum members.
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