After a long bearish rally, gbpjpy has found some bullish momentum on this pair. On the chart, we can see a pin bar candle on this pair. After that pin bar, bullish engulfing pattern has been formed. Last friday candle was also bullish which also indicates bullish momentum. So we can expect some bullish movement on this pair
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Near term resistance for this pair lies on 170 level. So if this pair can break this level, then we should go for buy more on this pair. For taking buy entry on this pair, we need bullish candle on h4 time frame with price action confirmation.