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British Pound / Japanese Yen

GBPJPY - waiting for Price Action to either BUY or SELL

By pericojonathan
Updated
GBPJPY - waiting for Price Action to enter a trade.
Comment
Support 132.400 needs to be broken on H4 to continue downtrend.
Watch price action on H1.
Comment
Price need to break below 131.8 to confirm downtrend.
Watch price action on H1 for a retest once broken.
Comment
Price broke up through 133.500
Need to wait for the new high to form before doing anything, then BUY retest
Comment
SL triggered, but the pair behaved as expected and broke through 133.500, retested at 133.000 and climbed up.
Could wait for another restest on H1 TF. 134.000 seems to be a relevant level.
Parallel ChannelSupport and ResistanceTrend Lines

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