ArchimedesCapital

Long sentiment on GBP/JPY

ArchimedesCapital Updated   
FX:GBPJPY   British Pound / Japanese Yen
We've seen exhaustion with sterling pairs across the board after an impulsive move. Could expect a minor pullback after the upwards break higher. Small timeframe opportunities lining up with technical indicators to back up the bullish sentiment. Lined up nicely with the EMAs on the H1 and H4, with the break retest of the local high acting as a support now.
Trade closed: stop reached: Unfortunately price action was a bit too choppy and saw the liquidity flow to the downside and hit our stops! Awaiting for the next opportunity.
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