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John_Tuohy_MSTA_CFTe

GBPJPY Breaking upper triangle on Daily Chart

Long
British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
John_Tuohy_MSTA_CFTe  
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
6
0
trendanalysis chartpattern indicator
GBP JPY on Daily is breaking out of a triangle pattern. A reasonable short / medium term target might be around 143 (Triangle Thrust calculated on size of wide end of triangle added to narrow end break out point). support lies at 21 D EMA at 139.7 or Daily Pivot (classic) at 137.3

RSI is currently bullish at 62,98
MACD is slightly bearish and below neutral area
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