GBPJPY after forming multiple Liquidity Candle started to breakout from the resistance. As it is a long term bull market, lower timeframe currently aligning with the higher timeframe and 4h candle is currently closing above the resistance line. We may see potential breakout and may continue to bounce to daily resistance line.
As of with liquidity flow is bullish, we are on a bullish trade expecting to bounce with the upcoming news announcement.
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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.