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UnknownUnicorn887707
Mar 21, 2017 2:09 PM

GBPJPY Update Long

British Pound/Japanese YenFXCM

Description

3/21 Update:
Price bounced off support at 139 and is now higher than the previous 4h pivot high and almost breakout out of the descending triangle. A break above 140.50 signals a buy opportunity with stops below 140 and 139.00;

Alternatively, a break below 138.90 issues a very big sell signal. Traders will view the lack of momentum higher as very bearish.
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