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krissur

GBPJPY Uptrend

Long
British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
krissur Updated   
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Trend Lines GBPJPY trendtrading uptrend swingtrading
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trendanalysis supportandresistance trendline gbpjpy trendtrading uptrend swingtrading
GBPJPY is in a clear uptrend and within this trend price is at an interesting trendline. If price bounces of this level we get a great risk-reward setup.

If it doesn’t happen price can go lower and an entry around the channel trendline on the daily chart will be an even better entry.

I’m LONG on GBPJPY!
Comment:
GBP took a beating at the end of the week so this setup needs more time. Looking for entries once price stops falling. Watch the GBP "not-rate-hike-anymore" closely.
Order cancelled:
Wait for a better price around the weekly trendline
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