GBPJPY in a triangle formation on the daily and we are expecting a breakout soon. With Brexit I expect GBP weakness long-term so my bias is on the downside. In addition the trend is still downwards on the larger timeframe (weekly).
Look to enter at current price of 139.40 and at the top of the channel.
Stop Loss 30 pips above channel.
Take Profit at bottom of channel near 137.50
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Look to enter at current price of 139.40 and at the top of the channel.
Stop Loss 30 pips above channel.
Take Profit at bottom of channel near 137.50
Good luck and let me know if I can help in any way.
Charles V
CVFX Management