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Michael.H

GBPJPY - Possible Bull Flag

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Michael.H  
FX:GBPJPY   British Pound / Japanese Yen
GBP jpy GBPJPY Bullish Flag breakout Momentum Indicator (MOM)
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gbp jpy gbpjpy bullishflag breakout momentum
GBPJPY made a big run up today after breaking the bearish trend line. I believe it will continue this bullish run up until the 157.00-158.00 mark. It's currently moving in an bull flag and has a high chance of breaking out to the upside again.

Stoch showing a slight sign of being oversold. This along with the RSI divergence nearing a bounce up.
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