FX:GBPJPY   British Pound / Japanese Yen
after news came out we saw a spike in price to the upside but we knew this was a fake out as price was brought back down into structure and closed below our key area , we then waited for price to pull back into our key area of 154.500, we had ema conformation , our fib zone respected , break of stucture to the downside, bearish engulfing and higher timeframe conformations
Comment:
we took profits at a 1:3 RR after seeing how the news might effect the Pound
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