FOREXCOM:GBPJPY   British Pound / Japanese Yen
I'm bullish on GJ but a pullback is needed technically.
Trade active
Comment:
Market opened with a gap up and made a pullback to the broken trend line. In the Asia sesion the market has been raning as usual and on the London sesion the volatility has been low despite of worst than expected UK PMI news. It's not going to be an easy trade. I expect it to break the low and make a LH to move stop loss to break even.
Trade active:
Looking at the bigger picture I belive this move is just a pullback to continue to the upside so using S&D + TL + line chart my FIRST TAKE PROFIT IS 145.905
Trade closed: target reached:
TAKE PROFIT 2 HIT. 300 PIPS IN PROFIT.
Trade closed: target reached:
TAKE PROFIT 3 HIT.
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