FrenchIvory

GBPJPY; Long Term Buy

Long
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY has broken above and retested a major weekly/monthly resistance. the next target is 162.430 (also matches Monthly 200EMA lvl ). SL is below last lows (triple bottom on 4H T.f) (⚠️If you want to be safer, you can place your SL way below the support, at 155.100. My account's risk allocation doesn't allow that so i went for a smaller, but still structurally correct sl. Always keep in mind risk management and your account size while calculating your SLs .)