Bullish GBPJPY

The break above the 214 resistance came and the pair closed in on the 216 level. For those of us that missed the original entry we can look for some sort of ratracement or consolidation area before jumping in with a new position. The break above the 214 resistance came and the pair closed in on the 216 level. For those of us that missed the original entry we can look for some sort of ratracement or consolidation area before jumping in with a new position. A retest of the now support 214 might still take place so any aggresive traders will have to take this in consideration before deciding where to place stops in order to get a decent risk:reward ratio.

[NP][/NP]