GBPJPY - long Long

British Pound/Japanese YenFXCM

Description

⋅ Dec 9, 2017 10:25 PM

Break out to the top side of the channel.
I don't expect price to go below 146.835 in a long time, as that is monthly support.

Catch the retracement at 150.850

Comment

⋅ Dec 12, 2017 2:07 AM

slight adjustments. new entry at 151.040. tag the 618 with a slight extension. close above it will confirm the support level.

Comment

⋅ Dec 13, 2017 6:46 AM

We're on the move. the 88.6% level held as wave 2. Looking for the end of the 3rd wave at the 38.2%, but may see a pull back against the 50%.