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Mas_DMGTrading

GBPJPY H4 LONGS

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
Mas_DMGTrading Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis Chart Patterns priceactionanalysis
6
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trendanalysis waveanalysis chartpattern priceactionanalysis
GBPJPY has made a reversal from a downtrend in H1 and H4 TF, price has made two higher lows on 21 Dec @136.970 and 22 Dec @138.002. The down broken the down trend line was broken @138.740. Look for buy positions at retest of resistance which now is new support. Buy in the price zone 138.623 - 138.740/800 and go long. Tp1 @139.127 Tp2 @139.530 Tp3 @140.452 SL @138.400

Buy Stop 1 @139.150 Buy Stop 2 @139.550 Tp and Sl as above.
Comment:
All TPs were hit. price moved exactly as predicted. price is currently trading above 140.200
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