dead2live
Long

GBPJPY Triangle Formation at Base of Retracement.

FX:GBPJPY   British Pound / Japanese Yen
44 2 2

Sunday Lookout for Potential Trade Setup
gbpjpy             H4
Bullish triangle. Likely a breakout.
Needs to break the 20ma and resistance at 149.74 before entering.
Resistance 151.70 (50ma)
Resistance 153.05 (0.382 fib)
Resistance 154.919 (0.5 fib AND 100ma)
Resistance 156.314 200ma and 0.618 fib right above
MANAGE CLOSELY FOR REACTION TO BREXIT FEARS. Brexit polls this weekend !
Upon closer inspection,the triangle is a descending triangle which is most likely bearish.
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