Looking at a simple trend-line drawn in the chart. It can be seen that the chart is respecting it. With a uptrend forming with new higher highs and higher lows, a potential long position could be ideal in this scenario. In relation to my previous post of GBPJPY break-out, this could be a follow up factor.
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If you guys took a long position and held it over the past day. You would have reached profits of over 170-200 pips. This long analysis at the trendline is a successful call.