GBPJPY: Interesting potential

I like GBPJPY here, I'll build a position over 7 days, aiming to capture the next breakout to the upside.
This is a good bullish bet, to balance our exposure to haven assets (we're long Euro, Gold, Pound, Aussie, short SPY/long EEM, etc)

Good luck if trading this one.
Cheers,

Ivan Labrie.

Comment:

One of the potential scenarios panned out. This is good for risk on trades, bad for havens, Euro / yen / franc / bond longs.

GBPUSD, GBPJPY, AUDUSD, might go up together with DXY.

Comment:

We should hold above this level on close each week, at least.

Trade closed manually:

Better allocate funds in GBPUSD only for now. I'm out for now.