GBP/JPY Long 141.200 - Pound strength alongside technicals.

FX:GBPJPY   British Pound / Japanese Yen
If we can see the pound reach 141.200 I will definitely be looking for a long position. 50 Fib level, 3rd trend-line touch clean B&R and also an SMA acting as support. The fundamentals behind this trade are - Gov . Bailey does not want to cut interest rates (strong for pound), risk on mood weakening the yen.


You might want to consider zooming out to the higher time frame structure. ✌🏻
+2 Reply
Thanks for the comment. Still in a nice uptrend and fundamentally I can’t see it coming too much lower. Will keep an eye out though... thank you 👍