HOLDING LONG on no news Thursday and Bank Holiday Friday

FX:GBPJPY   British Pound / Japanese Yen
90 0
Going off of yesterday's idea LONG, continue to HOLD LONG for the following reasons (I normally look at the 1H, but expanded out to 2H because of the pending GBP holiday - PST there is no holiday =P):

1) No GBP and JPY news until Sunday.
2) USD unemployment claims (which every week, outside of the first week of Apr ., seems to be doing well)
3) Bank Holiday Friday for GBP - Scary to pull a correlation, but I read somewhere that speculation goes to the banks that are closed, or do I have that backwards. eh, take what you will with that. Treating this Thursday like a Friday by trying to refrain from opening new positions before the weekend.
4) CCI and RSI on the 2H seem on track to repeat, but that is pure conjecture.
5) Even with all the Russian monkey business going on, GBP is still bullish .
6) oh, and great GBP news last night on the unemployment rate.
7) Danske is looking for 172.5 (that triangle).

Pull out to the 4H and we've seem to have breached the Cloud, as well as coming close to the tip of a LT triangle. What better position to be in from yesterday's idea, and see how this plays out.

HOLD LONG, loose TP STOP for now. (The other option was to take profit off that 172 high today, and wait for another LONG signal.)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out