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Forextuitions

Long GBP JPY

Long
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
Forextuitions  
FX_IDC:GBPJPY   British Pound / Japanese Yen
GBPJPY lalitmatta
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gbpjpy lalitmatta
GBP JPY pair is one of the faster moving pair in yen pairs, As yen fundamentally weak due to Japanese looking for lower yen to get cheap credit , GBP JPY pair technically strong up trend with the completing retracement of 50% fibo with equal top/ bottom, bottom/top pattern. Expected another spike from yesterday 50% fibo at 161.40/50 to reach new target 163.00

BUY GBP JPY

@161.52

Target: 162.40
Stop loss: 161.08

Good luck !.
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