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JoshFX1

GBPJPY Long Term BULL

Long
British Pound / Japanese Yen (FX:GBPJPY)  
JoshFX1 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY GBP pound jpy gbpjpysell gbpjpybuy gbpjpybullish gbpjpybearish
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trendanalysis chartpattern waveanalysis gbpjpy gbp pound jpy gbpjpysell gbpjpybuy gbpjpybullish gbpjpybearish
On the weekly time frame GBPJPY finally managed to break out from its long time resistance. You can see that in the past years it bounced back 3 times but this week it has finally broken it. This means 160+ is next for GBPJPY.

Keep in mind that this is the weekly time frame providing a long term view. There will be plenty of retracements and small corrections to sell.
Trade active
Trade closed: target reached:
banked 240 pips
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