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Big Levels to Watch on GBPJPY
Hi everyone! As the market is slowly going towards a breakout point in most majors (it spends most of the time in a range, but not ALL the time!), I just wanted to signal a possible long-term opportunity that can arise around the current levels on GBPJPY. I’m looking to make a move & sell GBPJPY somewhere in the 1.57 area IF AND ONLY IF I get the right signal in the next few sessions. Here’s what I have in mind: First, on the W1 chart we can see that the momentum of the move from 118.80 to 162.58 is obviously broken, and the trend line supporting that rally broke @153. For the last month, the move that broke the ... (full story)