BretRamkey

GBPJPY long opportunity

Long
OANDA:GBPJPY   British Pound / Japanese Yen
The pound just broke a resistance. i believe the pound is only going to continue to strengthen over the next week or so, but not after an exhaustion to at least the .618 fib levels, a safe bet would be wait until the pair has retraced back and wait for the next bullish engulfing candle to go long on the two. Set stop loss a good distance under the new support.