GBPJPY consolidating for a while in a descending manner, but unable to break below 149.5 and stay under it. It looks to me that retesting 153 is a very possible scenario. I have a position from 149.95 and will be adding some more after breaking the hourly down moving trendline. First TP at 152-ish then 153-ish. We have some fundamentals also, the world is opening up after the COVID-shock, especially Great Britain, where pubs are already open. The risk-on scenario is at the gates.
BTW this is my first opinion, so be gentle to me, please.
Note
Well, that worked very well. Closed half of my positions
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.