GBPJPY 1H: Buy
We have seen a lot of rejection in the 1.34000 Area now and just before the end of the week, we saw a break of this area.
Just before markets closed on Friday we could start to see a double bottom with a lot of rejection to the downside.
Because price could still fall down some more, I am keeping that in mind, a buy stop can be placed just above the last few candles and on the 15-minute chart it can be seen very nicely why I say this.
Just before markets closed on Friday we could start to see a double bottom with a lot of rejection to the downside.
Because price could still fall down some more, I am keeping that in mind, a buy stop can be placed just above the last few candles and on the 15-minute chart it can be seen very nicely why I say this.
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