My pending long on the GBPJPY got triggered today, when price poked above resistance. I set my stop loss just beneath the highs of the last 9 days. You know the old saying - old resistance becomes support (and vice versa). My reward is 1.25R.
Fundamentally, I am bullish GBP and bearish JPY, so this trade fitted my fundamental analysis.
(click to enlarge)
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