Macd over-extended sell. Macd crossed above Red signal line - possible bullish directional move Pair is in a range Price has consolidated on the range bottom for awhile Price may move toward 100 sma Buy stop above current resistance @ 151.10 Take Profit 50 pips @ 151.60 To the left of that trade-able space is a red long body candle This helps price move up smoothly with resistance points
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This is a follow up of the GBPJPY 1.16% 4H Bullish bias trade. Pair did hit 50 pip target. Price is retracing to 50 sma Price may bounce long off 50 sma Take Profit is top of range