jackmyattFX
Panjang

GBPJPY Idea. If your not already in be patient wait for 4h......

FX:GBPJPY   Pound British/Jepun Yen
462 1 14
GBPJPY             Long idea

-Wait for 4h break and close above 142.722 to go long if your not already in
-This is a significant wedge/triangle pattern breakout strategy
-If you wanted to be really patient and certain wait for the daily break outside the triangle
-Bullish breakout and ABCD pattern in motion.
-Fib levels proving significant
-Market sentiment at the moment is clearly bullish but that can change
-Pound rallying
-Some interesting things happening within the BOJ and there intentions with monetary policy

-Happy trading

MY opinion its going to bounce before that move up... longterm i can see 154 easily. But first is possible to move down to 139,XXX area
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