Currently, GBP/JPY is trading at 135.99. The pair started a new up trend after breaking the resistance level at 134.76. Previously, the pair was consolidating in the resistance and support wedges. The pair has already started a new up trend by breaking the resistance level and touched all its targets. Its first target price was at 135.76 and the second target price was at 136.38.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat