Big Long position on GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY has just broken the month highs so hopefully a nice upward trend will form up to the previous highs of March.


I am short now hit daily resistance
@morse, yes I am expecting some sort of pullback around this zone. Changing SL to risk 0.5% now.
On what basis may ask with massive sellers area, with basic principles of correction plus lots of negativity who will buy GBP where it currently sits? The manipulators?
My own view is need to now watch for a lot more evidence of price action saying anything now is as good as a gamble
@Dips007, Hi Dips, I am trying to catch the trend which is a strategy where there are more losers than winners as trends only form 30% of the time. So I have seen the highs of the last month and I have a big bullish candle breaking the high and closing above it so I’m hoping a new trend forms up to the previous highs of March
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