GBP/JPY pair has climed 2000 pips since it hit the lows of 118 - I went long at 120 and closed far to early at 136At this price level I'm still more long than short but just not at this level. We are at a critical price point here at the 140's should this resistance zone hold we may see this pair fall towards the 130's.
Overall i'm long on this pair just not right now. I'm a little short here preferring to limit my risks of a downside movement.
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