GBPJPY: Some Longer Term Analysis (Long & Short)

FX:GBPJPY   British Pound/Japanese Yen
I apologize for the sloppy chart but this was the trade that I recently discussed in my Forex market Preview video & didn't want to erase anything just yet. (Link to my youtube page is in the "signature" box below)

But essentially there are two potential trading opportunities that I have my eyes on for this pair. A potential counter trend trade (SHORT) if the market were to make it's way up to previous structure resistance .

And a trend continuation trade (LONG) if we were to see some relief, in anticipation of a continued move up towards previous structure resistance .

Either way i'm predicting that the market has room for more bullish movement, the question is "How Will It Get There?" and How/IF I will be able to get involved. We shall see!
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Buying at 61.8 is somewhat a good RR. Good job like always Akil, i will be watching this closely.
+1 Reply
Akil_Stokes PRO juklangel11
@juklangel11, Thank you.
hey akil... glad to join you on this :D (lets hope) https://www.tradingview.com/chart/piRwphfc/
+2 Reply
@FX123333, Good luck!!
+1 Reply
FX123333 PRO Akil_Stokes
@Akil_Stokes, you the man ;)
+1 Reply
@FX123333, Thank you
+1 Reply
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