FX:GBPJPY   British Pound / Japanese Yen
GBPJPY has broken the down trend around the 144.60 on the 4 hour timeframe. From the current price we are looking for a small correction inside our established kill zone for an opportunity to buy long for a nice trend continuation trade to the upside. If price breaks out and above topside resistance early then we will be buying long above the established zone. Upside target is in the neighborhood of the 147.00. On the fundamental side, the BOJ monetary policy minutes were published yesterday and basically things remain unchanged as they continue with their policy of QQE. Good trading to all and as always. Plan your trade and trade your plan! Cheers!
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