GBP/JPY
Yesterday in my weekly FX market commentary, I talked about the pin bar on the 4hr chart off the key role reversal level around 144.75 as being a critical support to look for potential longs. Today the pair challenged the exact same pin bar lows and held, now bouncing over +90 pips so hopefully you profited from that as did our forum members.
The range still dominates for now with 146.50 being the ceiling while 144.84 is support. A break of the downside suggests the trend is weakening, while an upside break will likely add fresh bulls into play.
GBP/JPY" title="GBP/JPY" width="451" height="311">
Original post