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The GBPJPY currency pair is in an uptrend
The GBPJPY currency pair is in an uptrend on Forex
If you look at the chart of the GBPJPY currency pair, you will see that it is in an upward trend. If we consider this trend from the point of view of technical analysis, then a triangle pattern will be visible, which is directed upwards in the direction of the main trend. It would be better to take profit at the strong level of 155.00 because many different orders will be concentrated on it.
Symbol: GBPJPY
Order Type: Pending Order - Buy Stop
Entry Price: 154.45
Take Profit: 155.00
Pips Earning: 55
The profit can be $523.81 if the trading volume of 100000 GBP (1 Lot).
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