Koryphaeen
Long

Long based on several motives

FX:GBPJPY   British Pound / Japanese Yen
122 0 9
As you can see, we are in a corrective structure now and price action will likely hit the 157 level. If it does, then we have a nice buy setup, regardless if you are Elliott waver or advanced pattern trader.

All info is on the chart. Remember, entry rules should be according YOUR trading strategy.

Good luck!
Comment: I am looking now for a buy signal. Unfortunately there was a deeper penetration of the trendline then expected and it seems now that a consolidation takes place. If it breaks to the downside, I will not be taking this long.
Comment: Trade idea is invalid.
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