maguila057

GBPJPY Ascending Triangle?

Long
maguila057 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Watchlist, we could see a nice setup here with good RR if this develops accordingly.
Comment:
Seasonality favors Yen Strenght.
We are in an important point where we could see a break below "e" that would hit all "e" longs stops.

Other scenario would be the one charted. Trade price action as it is king and keep open mind to get the opportunity that arises.

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