Area of Support for GBPJPY

This is an important area that will determine the movement of this pair next week. If the support line hold and there is presence of buying momentum, we should take the long position. If the support line is broken and the selling pressure does not diminish, we should continue to take the short position. I personally think that instantly taking long position near the support area without the presence of buying momentum is suicidal! Anyway, good luck on the next week's trade.

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