gbp/jpy off to the races if close above 174.828

FX:GBPJPY   British Pound/Japanese Yen
102 0 0
I have been on the sideline for about a month waiting for price to close above the 174.828
area on the gbp/jpy             .
Before i explain the chart, I want to point out that i drew the fib retracement on the weekly chart off of a swing low and drew it to the swing high of 174.828.
The chart on the weekly showed that price hit the 50% fib but then closed on the 61.8% and the candle stick on the weekly chart formed a pin bar! ON THE WEEKLY CHART, giving some confluence.
Also on the fib retracement level the 161.8% lines up with prior support at the 187.105 level

the signal is on the daily chart , because there is a tenkan kijun cross, and price is about to break a swing high level.
risk to reward is nearly 3:1
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out