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Trader_97
Mar 13, 2017 11:36 AM

GBPJPY BREAKOUT OPPORTUNITIES 

British Pound/Japanese YenFXCM

Description

GBPJPY currently trading inside a wedge which is narrowing out, Also a Triangle maybe at play but the opportunity lies in breakout in either direction.On a bullish break price can head higher all the way up for a retest of 144.50 and on the downside if we have a confirmed breakout perhaps a move down to 130 is quite possible.... If you're looking to trade the range 140.40-137.20 are the levels to keep an eye on
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