chris333
Long

Cup & Handle Bullish Medium Term

FX:GBPJPY   British Pound/Japanese Yen
We can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle ) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the 143.23 July 15 high (the beginning of the pre-saucer consolidation pattern). Stay tuned.

Always feel free to leave me a comment. I love critique, as it challenges my bias and pre-conceptions; go ahead, make me uncomfortable. Then we can all benefit!:)
Agreed
GBPJPY

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