GBP/JPY Setting up Nicely for a Breakout Trade

Consolidation after GDP, FOMC: During the 1/30 session, we had a couple of highly anticipated fundamental event risks in the US advanced GDP for December and the FOMC interest rate decision. The GDP data was terrible, worst since Dec. 2009, and the FOMC decision brought nothing new to the table. In…

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GBP/JPY Setting up Nicely for a Breakout Trade