Daily Forex Analysis

Hello Price Action Traders.

Gbp/Jpy

The forex pair show us a brand new price action signal easily visible if you look at a daily chart. It’s very interesting because you can see how the price, in intraday session, went to do a false breakdown of the key support level at 157.00 and after that push and rally up to close around 157.50. The breakout of today’s hogh would confirm the momentum and the price action long signal. The resistance level is at 160.00.

 

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