FX:GBPJPY   British Pound / Japanese Yen
198 3 1
GBPUSD             took out the 1.70 marker just minutes ago and as a result GBPJPY             is also pushing higher.
I suspect that the possible triangle might be donein GBPJPY             and now we could see a solid move higher towards 176.00 area which would line up with the conservative measured move of the thrust of the triangle.
hey there..
target is 175?

u think it will hit?
Reply
hey. ideal target would be close to 176.00. Is it going to get hit? Good question - I don't know. If this really is a triangle then it should. Also, bullish GBPUSD supports the setup as well but the key remains in USDJPY. If that pair sells off (hard) then this setup becomes less likely. But if USDJPY keeps on consolidating and GBPUSD keeps on pushing higher, then of course 176.00 may come fairly quickly.
+1 Reply
3baid capitalpropertiesfx
thanks tons bro.. lets hope for the best
Reply
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