JoeNeilCarey
Long

GBP/JPY LOOKING TO RECLAIM PRE GAP HIGHS

FX:GBPJPY   British Pound / Japanese Yen
AFTER A BREAK OF THE TRIANGLE/DOWNTREND, GBP/JPY             APPEARS TO BE BULLISH AND OFFERS UP A DECENT RISK TO REWARD TRADE.

ON THE 4H CHART THE 150/16 DAY MA'S HAVE TURNED AWAY FROM EACH OTHER FOR THE TIME BEING, INDICATING A POTENTIAL CONTINUATION OF THE LONG TERM UPTREND.

TARGETS CAN BE SET AT 193.90's, A BREAK OF THIS LEVEL COULD LEAD TO AN EXTENSION OF 194.35, THEN EXPOSE THE PREVIOUS HIGHS OF 195.80's
GBPJPY after a fall is constant.New entry-level will only be created if support or resistance breaks.
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