GBPJPY Pulls Back After Breakout to the Upside

14 de jul. de 2014

GBPJPY has broken out to the upside, one of the first JPY pairs to establish a clear upwards trend on the daily chart. Now, though, it has pulled back to the area it broke out from, and more over, candlesticks are showing signs of reversal there. As such, I've set an order to go long at 173.15, with my st op at 172.60 and my target profit at 175.25.

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