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Mihai_Iacob

GbpJpy- break of consolidation?

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
Mihai_Iacob  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpylong gbpjpyanalysis gbpjpy_outlook gbpjpyprediction gbpjpyforecast
8
0
trendanalysis chartpattern indicator gbpjpy gbpjpylong gbpjpyanalysis gbpjpy_outlook gbpjpyprediction gbpjpyforecast
GbpJpy has consolidated in the past month or so. The consolidation range is very tight for this pair of approx 150 pips.
We expect a break of resistance and a continuation of the uptrend.

Strategy:
Buy at market
SL under 138.60
TP @ 143.80
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