Forex education: Trade update for GBP/JPY 212.00 break

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Hey guys,

A few hours after I put out yesterdays analysis in which I suggested a trade on the break of 212.00 for GBP/JPY that trade happened. I said in the analysis I would aim for 70 pips then close half and move my stop to break even. That is what I did, I closed the first half at 212.70 and the second at 212.52. In the video below I explain the trade in a little more detail and I also explain the importance of aiming for a target based on the line and not your entry.

Hope you took that trade and made profit, if you did leave a comment!