GbpJpy Pending trendline break

Long

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

We have a spike down during london open. It may be a stop loss hunt till proven so by Daily close. Daily price is trading at bottom of Bollinger band (34) which signifies oversold condition after an huge impulse upswing.

Trade active

Comment:

Stop loss is placed at today's low 138.5 and all red lines in chart are targets

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