With the UK leading the way in the vaccine rollout and optimism in the re opening of the country we have seen continuous strength in the GBP for a number of weeks now. on the other hand we have seen the opposite with the JPY, it has seen continuous weakness due to its debt situation. so we was looking for an opportunity to capitalise on this and we did last night with another opportunity this morning at the London open. we saw price break above its weekly area of resistance which is now support, creating higher highs and then on the 1h timeframe we saw our entry with exhaustion to this zone and multiple pin bars
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.