On its way up as we discussed in a previous post, GBPJPY is offering another opportunity, with price consolindating after an impulsive move from the retested broken resistance. We have to wait for a breakout and those that are already in, can add and trail, those who missed it can enter the market.
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Price keeps forming the exact same pattern.. Sharp impulse move up, correction, and another move up.. We now see that price is correcting once more, so this will allow us either to add for those who are already in, or enter for those who didn't catch the previous setups.