GBPJPY reached a key level of support back end of last week around the 144.214 area. Friday's daily candle closed as a Inverted Hammer. With no UK News to be released for 3 days and only minor JPY news price action should play out. Looking to either buy on a 4hr Candle close above the resistance level of 144.678 up to 146.524, or a sell on a bearish candle formation if 4hr candle closes below the support level of 144.002 down to 142.588
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Our sell order was triggered, on the 8th August. TP hit ( 148 Pips ) within 12 hours.