GBP/JPY LONG
Price action from the monthly down to the daily showing bearish movement, however price has reached a monthly key support level that has recently been respected. Will be keeping a close eye on this pair and waiting for a break of trend line on the daily timeframe to confirm the downtrend is over and the key support level has been respected. If thats how it plays out my SL will be set at the weekly resistance level (Green area)
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