GBP/JPY analysis for October 15, 2018

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Recently, the GBP/JPY pair has been trading downwards. As I expected, the price tested the level of 146.50. According to the H1 time – frame, I found a fake breakout of the 15-day low at the price of 146.93, which is a sign that potentially the sellers might got trapped. My advice is to watch for buying opportunities. The upward take profit level is set at the price of 148.95.

Trading recommendations for today: watch for potential buying opportunities.

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