TropicalPhil

GBPJPY awakening

Panjang
FX:GBPJPY   Paun British / Yen Jepun
9
GBP has gotten beat down, after the vote last week the GJ dropped harder but since, bounced hard off the major support trend line on Daily... GBP is a strong currency and I think this should be the beginning of a good rally... UJ is a bit correlated with this pair and Im seeing UJ to be gaining a bull run as well in the coming weeks ahead. This is a good R;R with much more to go beyond the original target.
SL 138
TP1 143.50 area
TP 2 148 possibly to test the upper trend line on what could be a wedge forming on the Daily...
Penafian

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