Pjorge89
Long

Bullish On GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
Waiting for a strong bullish close above the weekly level of resistance indicated around the ~1.62 level. Before, I was short on this pair (if you check previous posts). With only a slight percentage of the UK leaving the European Union, I believe the pound is ready to regain strength. Price action formed a reverse head and shoulder pattern(a reversal pattern) and is continuing to show strength. As long as we can stay above the trend lines and have a nice close above the ~1.62 level, I believe we are bullish . Nice risk reward of 1:5.5, about 1200+ pips.

Risk Reward: 1:5.5
-Safe Trading and Best Regards
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