PRICE ACTION TRADING | FOREX NEWS

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Gbp/Jpy

This pair retraced lower between Friday, Tuesday and today after a nice bullish rally¬† in the key area at 129.50. Now, through the dynamics of well-defined and clear price action on the daily chart, I notice a clear bullish signal that can be used as a trading signal. Obviously the break up of today’s high¬† can bring an acceleration until at least 129.50 key area. If this were to be broken the next target area is 131.40.

 

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