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Trade of the Week June 16th 2023 - GBPJPY Buys

Updated: Jul 30, 2023

GBPJPY Higher Time Frame

GBPJPY was heavily bullish on the daily time frame after pushing up from support. Bank of Japan was forecast to keep interest rates negative (-0.10%) which is very bullish for GBPJPY




GBPJPY M30 Time Frame


GBPJPY had been pushing bullish from Asian session and printing bullish candles. Needed to wait for a pullback and support to form for price to retest and break the highs. Clean candles to the left up to the next daily resistance






Entry - 180.285

SL - 180.10

TP - 182.00


Bullish bias

1)Resistance

2)Support


Set up

Support formed


GBPJPY Trade

Entry was break of the high

Stop loss below previous candle

TP - dailyresistance


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