I commented in my post on 25 May that the longer a pair like GBPJPY moves sideways and consolidates the more volatile the ensuing breakout tends to be and this is exactly what happened on Friday. The pair broke 143.70 support and fell 153 pips in the London session until it closed at 5pm (London). I closed my trade at London close due to it being a long weekend in US and Britain and want to re-enter again depending on market conditions after the long-weekend.

GBPJPY - BROKE SUPPORT

Source: Queen of Pound

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