mymentortv

pound yen long analysis

Long
FX:GBPJPY   British Pound / Japanese Yen
Hi everyone
this is what I see at the moment :

I see pound yen in a long movement upward to either tp1: 153.70 or up a touch more to 154.20 marker is where I would sell off if we lower lows form as we are still in a weekly downtrend. overall pretty clear and simple , I would either wait till it goes up a bit then chops back to the median brown line and try an entry their for a few pips: remember the trend is your friend

Happy TRADING EVERYONE
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