financialflagship

GBP/JPY - Week 18 - Up move next

Long
FX:GBPJPY   British Pound / Japanese Yen
We think this pair will make an up move at this point and we believe the potential target price of 153.400 as the place where it will go. Before that move, the price may retrace to the blue trend-line marked on the chart or at the minor support of 150.900.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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Comments

Good analysis, mate ;)
Reply
financialflagship StevesTradingV
@StevesTradingV, thanks mate!
Reply
The resistance at 152.000 looks really strong and a decisive breakout above it seems unlikely, even though the possibility of fakeouts remains. I am rather inclined to believe that a breakdown below your minor support would signal the possibility of a further dropdown towards the psychological support at 150.00. Good luck
Reply
@Trendsharks, awesome, thanks for sharing your view on this!
+1 Reply
Thank you
Reply
@DFahd you're welcome 😊
Reply
Great setup.
Reply
@Serana2324, thank you!
Reply
Spot-on!
Reply
financialflagship caldooninvestment
@caldooninvestment, thanks mate!
Reply
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