Hello traders, after declining to 190 level, GBP/JPY has staged a remarkable comeback. The support level on the 4Hour chart has held and GBP/JPY is currently up 170 pips from the lows.
So, congrats to all those who managed to buy the dip in GBP/JPY. Currently, the next Resistance level lies at 192.96 level followed by 193.55
Based on the price action, it seems like GBP/JPY will continue to go up. So my strategt would be to buy the dips in GBP/JPY
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Price is continuously moving up as mentioned earlier
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Price has moved 110 pips since I posted this long idea