OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY

The pair is overbought and near resistance. Indicators show that the price has formed a peak. Fundamentally, after the BoJ decision to hike rates up to 0.1%, which was expected, the yen should recover, GJ should follow suite. The trade if the scenario unfolds will take a while

Trade closed: stop reached:
Yen's action was something from another world...

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