GBPJPY has bounced from the Support Area once again. Price is also trading firmly above the 100D EMA which indicates uptrend is still intact. So buyers, who bought from the lows can hold their buys. Sellers, on the other hand, need to wait for the price to break the support area before executing any sell orders. In my opinion, Buy trades are still valid as long as price is above the support area
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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.