Hello traders,
Today we're looking at Pound Yen and it looks like it is forming an ascending triangle formation (usually seen as bullish). We're looking into buying the breakout and retest of the top, or another touch of support trendline.
There is also a possibility that support trendline breaks to the downside (but chances for that are 20%).
We will be keeping an eye on this pair and trade according to our strategy when we see potential setup.
Cheers!
Today we're looking at Pound Yen and it looks like it is forming an ascending triangle formation (usually seen as bullish). We're looking into buying the breakout and retest of the top, or another touch of support trendline.
There is also a possibility that support trendline breaks to the downside (but chances for that are 20%).
We will be keeping an eye on this pair and trade according to our strategy when we see potential setup.
Cheers!