The GBP/JPY pair fell today, retesting the support and resistance area. (135.50) Because of this, we are looking for strength at this area in order to buy the pair. This will probably show up on the shorter time frames, and could work out well as the stop loss for this pair could be as low as 100 pips. (For those of you that have traded the GBP/JPY before, you know how small that actually is.) Selling isn’t advised after yesterday’s candle.
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