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Market_Analysis
Feb 17, 2017 3:52 PM

GBP/JPY Analysis 

British Pound/Japanese YenFXCM

Description

This looks like an interesting one to watch over the next couple of months, as you can see price is getting tighter on this daily chart and its caused a triangle to form, the best thing to do is wait for a daily close outside of this triangle to enter a trade, regardless of which way it goes, theres a huge amount of pips to catch on this one!
Comments
sasakiac
This is also what I'm seeing as well. But I have a bias to the long side
Trader_Dale
100% agreed. As you pointed, it is essential to wait for a daily close! Thanks for sharing mate and good luck!
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