Price is trading within the major support zone. Waiting for GBPJPY to bounce up to even breaking the 4H downtrend channel and minor resistance at the price of 161.313 where I will look for opportunities to buy the pair. Taking my main profits at the price of 165.415 and stop loss at 159.647. Considered 1:2 risk ratio. Let me know what you think of GBPJPY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.