Flav2017

Possible long position for GBPJPY pair

Long
FX:GBPJPY   British Pound / Japanese Yen
After the opening with a small pop higher in indices drived JPY lower that means risk seems to be away for now, a lot of data will come mid week so we are planning to trigger GBPJPY on the break of 134.600 resistance level with first target around 137.000 area (61.8% fibonacci retracement level ) GBP is probably the most undervalued currency at the moment so will probably be the best in terms of risk reward ratio.