GBP/JPY Toward 216.155: Momentum Lifts

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GBPJPY Hourly, Daily And Weekly Candle Charts GBPJPY is trading near 216.049 against the daily pivot at 215.462, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. GBPJPY H1 candlestick chartAcross the hourly tape with price near 216.049 has a constructive tilt if the next retest holds. The price-action test is buyers held the latest candle above its open inside a 215.990-216.075 candle range, the recent sequence is still pressing higher, while price remains above pivot 215.462. The trade idea needs the next hourly close should either defend the reaction zone or expose a false start; In relation to invalidation, a...