On February 5th, I wrote about a potential 500-pip buying opportunity on Gbpjpy.

The pair was coming out of a broadening wedge from the 2018 highs and looked determined to reach the 155.00 region.

That 155.00 area is a confluence of resistance as it’s the intersection of a multi-year trend line from 2007 and a key horizontal level.

At the time, GBPJPY was trading at 144.75.

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