An upward trend is still in play in GBPJPY despite the overnight sell-off. Today’s UK GDP figures sent the market lower, but crucially not closing below major support at 184.68, forming a nice bullish candle reversal candle. Entered on a 50% retrace of the candle, 184.663, with a stop below the candle’s low, 184.330, and a nice 1:2 Risk:Reward at expected resistance level 185.32
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