ForexTrendline

An opportunity and analysis on GBPJPY

Long
FX_IDC:GBPJPY   British Pound / Japanese Yen
Another opportunity on GBPJPY. While we are waiting for GBPUSD to breakout of the range that it is currently in,


here we have a clear situation. We are in an uptrend on the higher timeframes and there could be a continuation.

There was an impulse upside move yesterday and a breakout above previous highs would be a good entry point.

We are expecting at least price reaching previous high and even a breakout in case of a strong move.

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