ZackPot11

GBPJPY - Breakout or Respect?

FX:GBPJPY   British Pound / Japanese Yen
Which will it be??

I expect a rise to the trend resistance.

From this point I'll be looking for one of 3 scenarios:

1. Rejection of the trend resistance.
2. Manipulation of the resistance not higher than 153.150 (creating a top formation)
3. Clean break and retest of the trend.

I'll be waiting for one of the above before taking my next entry.

Use effective risk management that suits your account size.

Safe trading!!
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