This pair is still going strong in the bullish direction as the Japanese Yen keeps tanking. We can see that the pair broke a resistance level of 131.53 and sustained above that level after doing a retest. This shows strength in the trend and we wait for the continuation in the price before we go long at the 132.00 price point.
Note
The price continued the bullish move as we expected and our trade reached TP of 2.03R without any big pullbacks or rejections.
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