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derfreietrader

GBPJPY at a major Support for a long up move

Long
British Pound / Japanese Yen (FX:GBPJPY)  
derfreietrader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis
3
0
trendanalysis
snapshot

We see the up trend level support and a major price support from previous highs resistance and support test before. If monday shows a green move we might have the confirmation and looking for all the way up to 160.00.
Our stop will be below the previous low and that gives a risk to reward at around 5.

Only my opinion so make your own research

And like always

May the markets be with us
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