GBPJPY was held up nicely by the support zone and the supportive trendline, and managed to break the counter-trendline. GBPJPY has retested the broken counter-trendline and price action is still giving bullish signs. Bulls can go long after price pushes past the previous high on a hour timeframe.
Use proper risk management and manage your trade well.
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Best of luck traders!
Use proper risk management and manage your trade well.
Be sure to follow me for more ideas and analyses.
Best of luck traders!