CharlieGunner

Possible GBPJPY Long Opportunity

FX:GBPJPY   Paun British / Yen Jepun
This pair has been moving in an ascending channel creating a three drive pattern since the 18th of March and is currently sitting at a support level while bouncing off the ascending channel's trendline (which perfectly aligns with the 38% psychological fibonnaci retrace level). I believe this signals for a long opportunity at 135.950 with first target at 137.080, second target at 138.220 and a long term target at 139.015 the least. Stops placed at 134.340

N.B. This is not a trading signal or any form of financial advice. Further individual analyses advice.
Penafian

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