FX:GBPJPY   British Pound/Japanese Yen
10658 37 260
Hi Guys, this is a consolidation after the break of the down trend. Breaking this consolidation looks like a nice buy setup.

Trade with care
Thank you for your support.
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snapshot
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Still has a little dancing to do before the breakout..
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Possibly more downside?

snapshot

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@JFXtrader, possible or it's deeper pullback before the next up impulse , we will see next week .
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Thank you Anil, i got in earlier today and it jumped up right after. Take it to the moon boss :)
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lzy2011 RafaelBlanco
@RafaelBlanco, same with me:)
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now what ?
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I'm Long @139.004 after the spike to the -27% fib.
Tight SL 138.54/138.394
+1 Reply
RobyTrade PRO RobyTrade
@RobyTrade, very nice trade +100 pips.
Now, for the LONG, we have to look the price action near the 139.5/139.6 zone1 & 139.3 if we want to play 1-2-3 correction & then up.
My pov.
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Hi, GBPJPY has come back to its support area 138.50~139.00. Waiting for a confirmation signal and ready to long it. Thank you and have a great day ahead!
Will GBPJPY form a Reversal Signal at 138.5~139.0 support area?


+2 Reply
lzy2011 jianan.khaw
@jianan.khaw, take your analysis, friend.
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