GBP/JPY has made a high of 158.54 on Friday and started to retreat from that level. It is currently trading around 157.11. Short term trend is still bearish as long as resistance 158.50 holds.
It is good to sell on rallies around 157.25-30 with SL around 158.50 for the TP of 155/154.70
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hmmmpf
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Nice plan. Seems like GBPUSD doesn't violate structure to the upside which is a good sign for this idea :-)