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Long

GBPJPY Entering Daily Cloud - potential long

FX:GBPJPY   British Pound / Japanese Yen
Potential demand zone around 181.40/60. Coincides with previous lows, 61.8% of Q4 2014 HL Fib, and top of daily cloud. SL would be placed at 178.80 - monthly S/R line and bottom of (thick) daily cloud.

Long at 181.50
SL at 178.80
TP1 at 186.50
TP2 at 189.50
Risk-reward about 1:2
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