lobfxempire

The Beast Is Consolidating...

Long
FX:GBPJPY   British Pound / Japanese Yen
A Symmetrical Triangle Pattern has formed on the 1HR Time-frame. It usually indicates solid consolidation until a breakout occurs towards the top or bottom. This particularly sentiment is bullish , so I identified a few key levels with the last price point aiming towards @140.10. I set a Buystop Entry right above Trend Line 1. I predict Intra-week activity that could fulfill all 3 targets.

My 1st Target: 138.925

My 2nd Target: 139.400

My 3rd Target: 140.100

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