GBPJPY Breakout & Retest

Price reversed from our support level 130.800 and pushed to the upside, for several hours, price struggled to break above 132.00, eventually there was a strong breakout of the resistance level with a bullish engulfing candle. We are now seeing some bearish movement in the market. We anticipate price to go for a retest of 132.00 level. A rejection of this with price action confirmation should confirm our long trade to 133.700.

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