Dear traders, if you remember, we bought GBP/JPY@180.80 level and hit our profit target at 181.70 level, almost 300 Pips. However, as I had already mentioned earlier, GBP/JPY is struggling at the resistance level.
We have multiple bearish candlesticks at the 4H resistance level. This opens up the possibility of looking for sell entries.
In my opinion sell entries around 183.70 with target at 182.20 would be valid.
Comment
Still below the resistance level, probability of a fall increasing today
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