GBPJPY Role Reversal Setup Profits +100 Pips | Oct 8th
GBPJPY – Sells Off At Breakout Level
In this weeks market commentary, we suggested selling GBPJPY at the key role reversal breakout level of 156.65. Today it literally came a half pip from this level, then sold off communicating offers were waiting at this exact level where savvy price action traders profited nicely. The pair sold off for the next 4 hours and +100 pips, so hopefully you locked in some good profit at this point. For now the pair remains bearish below this level. A break below 155.30 will accelerate losses to 154.50. Only a daily close above 156.65 will change the tune short term.
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