Price Action Forex Strategies | Gbp/Jpy

Hello Price Action Traders.

Gbp/Jpy

The gbp/jpy pair held key support at 147.50 where in the past the price had reacted with a strong  rally to 153.00. The market, a few days ago, formed a pin bar on this level and in recent days various inside days formed a consolidation between 150.50 and 149.00. Price today broke up by closing the daily session at 151.70 area. Any pullback to 151.00/151.20 may be taken to look for long signals that have target on 153.50 area.

 

 

 

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