Stoic-Trader

GBPJPY - waiting for a pullback

FX:GBPJPY   Livre sterling / Yen japonais
We had a beautiful bounce from the trendline shown in my last post and rocketed up ~800 pips (see related ideas)

My target is 160, but I am waiting for a pullback to get new entry opportunities. The yellow rectangle is the area where I´ll look for longs.

We had some bearish price action yesterday, but it is still to early to tell if the pullback is underway...

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