GBP/JPY – at make or break level

GBP/JPY is flirting with 154.60, which is make or break level for intraday traders. A 5-min candle closing above 154.60 after the CPI data would be enough to build longs for a target of 155-155.37 levels.

On the contrary, failure to remain above 154.60 would open doors for 154.00, although intraday bullish invalidation is seen only below 153.50.

GBPJPY H1 (04-12-2016 1241).png

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