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Underlying: GBPJPY
Time frame: 1D
A few days ago I posted about GBPJPY about to hit a resistance level, this level has now been hit and price was rejected quite hard. What concerns me is that the MACD indicator has still not crossed or in a declining trend, because of this I am not fully committing to my trade. I am expecting some form of retest of the pink trading zone so if you missed out you can enter a short trade from 152.70 - 154.70.
Underlying: GBPJPY
Time frame: 1D
A few days ago I posted about GBPJPY about to hit a resistance level, this level has now been hit and price was rejected quite hard. What concerns me is that the MACD indicator has still not crossed or in a declining trend, because of this I am not fully committing to my trade. I am expecting some form of retest of the pink trading zone so if you missed out you can enter a short trade from 152.70 - 154.70.