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GBPJPY Outlook

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Keeping this trade in mind and looking for long opportunity.

Hopefully the breakout happens today.

Komen

We have a solid close above 155.20 now, the next candle is crucial. If it closes above the red line (even if it spike below), I will long and and put it to break even only after it broke out of the blue line. This is because GJ is known for sharp movement, and i don't really wanna expect for a pull back after breaking the blue line

Komen

Rules saved our ass. After the close above the red line, the next candle did not manage to close above the red line and went down. Not sure if it's the news, but with such engulfing bearish candle, it's safer to look for short than to long. Expecting it to go all the way down to 154.20 now.

Ee_Hong

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