traderh

GBPJPY, 23.04.11, Asian Session

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FX:GBPJPY   英鎊 / 日圓
Bulls rampaged through 165.00 yesterday right after a quick sell from 164.50 to 164.00. This huge move could continue on but buying at the highs seems risky for now.

I am stepping on the sidelines for now to wait for a good setup for a long entry. Perhaps a drop and a quick compression at key levels?

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