GBPJPY is on a strong pull back towards the 126.800 Support with even the 1W chart strongly bearish (RSI = 31.857, MACD = -0.910, ADX = 34.619). However based on the 2007 - 2012 Bear Cycle, it appears that we are approaching the end of the current (2015 - 2020) Bear Cycle. MACD is also repeating that bottom sequence.
This is for us the most optimal long term Buy Opportunity and we are long again with 159.500 - 168.200 as our Target Zone.
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This is for us the most optimal long term Buy Opportunity and we are long again with 159.500 - 168.200 as our Target Zone.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial