In my trade commentary of the GBPJPY yesterday, We had a combo of bullish setups (inside Pin bar coupled with a fakey with pin) and based on that, I advised that we stay bullish while protecting profits as we approached resistance as shown above. Price has succeeded is clearing this resistance at the close of the trading day. Expectations are for price to target the next key resistance at about 147.90. At the moment, our entry approaches our usual 1:2 risk reward ratio.
My Recommendation: Stay bullish
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