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GBP/JPY Up trend in 1 hour
Monday, March 2, 2015 5:10
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Since yesterday, the GBP/JPY currency pair price has tried to rise in 1 hour chart which seems like price has started the bullish trend in 1 hour chart. Now, the trend is bullish with hourly support available at 181.06 price level. I would be probably looking for buy trades, as long as price prints; higher highs and higher lows. If bearish candlestick closes below 181.06 critical support level then bullish trend is going to end. Henceforth, I may jump at the chance to stay out of the market and re-inspect the price action.
Source: http://www.fxinstructor.com/blog/gbpjpy-up-trend-in-1-hour-3
