Paun British / Yen Jepun
Panjang

GBPJPY - Long

79
Possible long sent up on GBPJPY following the Wednesday candle closes

January closed with a strong wick bounce from support at 137.00
And price over the past week has shown bullish intent
Break and retest of the descending TL on daily as well as a close above support at 141.50 which is a level confluent with a daily 38% fib support and todays daily candle shows bullish continuation
Anticipating price potentially reaching the -27% fib extension at 147.00

Lots of GBP news tomorrow though which will cause volatility so this trade will need appropriately managing

Penafian

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