Looking at a bearish move for GBPJPY. Large wicks above this area and clear resistance candle marked on chart in yellow. Looking for a quick move here as price rejects from this level for a second time. 38.2% fib level also acts as strong rejection which is inside of this level of resistance. Simple S+R with extra confluence.
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I managed to raise my SL and then got out for 1% (I risk 2%).