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A new lawsuit claims XRP is a security controlled by Ripple.

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CryptoCurrency News: Moscow Stock Exchange to Publish ICO Data

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CryptoCurrency News: Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

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CryptoCurrency News: Mizuho Financial's Blockchain Lead Is Leaving the Firm

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CryptoCurrency News: Mastercard Patent Would Put Credit Cards on a Public Blockchain

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CryptoCurrency News: Which Way? Bitcoin's Low Volatility May Force Big Move

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CryptoCurrency News: Search Giant Baidu Is Launching a Blockchain Space Game

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CryptoCurrency News: Binance Leads $12 Million Investment In AngelList Crypto Spin-Off Republic

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[FOREX TIP] GBPJPY Price Action Analysis – 8th June 2018

GBPJPY has been Bullish on the H4 chart. The pair seems to have had a correction. The price is at the level of Support at the moment. Thus, there is an opportunity for the buyers to take a long entry if rest of the things goes accordingly. Let us have a look at the H4 GBPJPY chart.

GBPJPY Price Action Analysis – 8th June 2018

As we see here that the price is trending towards upwards by making higher highs. On its way, the level of 147.080 was a strong level of Resistance. That level got broken and a number of H4 candles have been held by that level. If this level produces an H4 Bullish Engulfing Candle, then the price would head towards the North to make new higher high. The next Resistance level would be 148.800. Let us have a look at the summary of the trade…

• Entry- After an H4 Bullish Engulfing Candle at 147.080
• Stop loss- Below 147.080
• Take profit- 148.800
• Validity: 72 hours
• Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

There is no High impact news event either on the GBP or the JPY. Thus, the pair would run technically today.  The Support level that we are eyeing here is actually a Dynamic Support. Dynamic support is where there is a Horizontal Support as well as a Trend line Support line can be drawn. A Dynamic Support or a Dynamic Resistance always attracts more buyers or sellers. I assume this trade setup would attract more buyers. Let us hope that a nice looking H4 Bullish Engulfing signal candle gets formed right at the level, where we have drawn our Support line.

The post GBPJPY Price Action Analysis – 8th June 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Quebec Halts Crypto Mining Approvals As New Rules In Progress

Quebec announced on Thursday that it has halted approvals for new cryptocurrency mining operations and may raise energy costs for firms.

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CryptoCurrency News: Alibaba Affiliate Boosts Blockchain Tech In $14 Billion New Funding

Alibaba's Ant Financial has raised $14 billion in a new funding, part of which will be used to continue its development of blockchain technology.

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