fxmentorbd

GBP/JPY: Wait for Triangle Breakout

FX:GBPJPY   British Pound / Japanese Yen
Gbp/Jpy             create nice triangle in H4 TF . Its now stay above 50, 100, and 200 EMA which is indicate its now try to going upward mode. We can wait for this triangle breakout, if its breakout up, than I think gbp/jpy             next target is 184.871 and if its break this level next target is 186.117.
If did not wait for breakout , we can take this long position from 181.295 (strong support) - 180.500 and possible set stop loss is 100 pips. Where 181.295 is strong support for gbp/jpy             pair.

So, keep eyes on it. Best of luck !!!

Thanks.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out