GBPJPY continued rally since my last look and extended its resistance level which is why I am looking to add to my short positions in this currency pair. The rally was greater than 1,000 pips and continues to increase, but at a much slower pace. I will enter more short positions every 50 pips higher from here until we reach 1.8810. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.
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