RCP
Long

GBPJPY: Watch it out!

FX:GBPJPY   British Pound/Japanese Yen
Today on FX:GBPJPY             we have very interesting setup.
So, first of all we have triangle, which is going to breakout down and go reach 193.01. Here @193.01 we have nice structure zone which can be hold and price could rally up straightaway of after little consolidation. Dont forget that there is a weekly PP as well.

The second opportunity here is the potential bat pattern setup. We can wait the price to go @192.32 and then go long all the way up .

Its up to you and your trading plan which one you take.

Wish you a good trading day.
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