jaspertung

Long GBP/JPY with a risk reward of 1.56

Long
FX:GBPJPY   British Pound / Japanese Yen
Reason to enter:
1. Candlestick has been retested few times on upper trend line .
2. Candlestick has failed to break through the key weekly support zone .
3. Outside bar formed during the support zone which indicates a bull power.

My TP level would be 145.850 and SL level would be around 143.700.