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British Pound / Japanese Yen

GBP/JPY buy trade

By Yobear10
Updated
Simple news trade based of the consumer confidence but should be taken likely as it has a mild affect on the market. Along my side top down analysis and my breakout strategy I took the trade. Basically I make money free
Note
Another confirmation was that price broke above the small resistance @ 159.252
Note
QUICK TIP: Always trade with the trend, momentum is your friend don't always be looking for big reversals in the market.
Note
This trade you see is purposely set for a low risk high reward ratio meaning in the long term I can afford to loose trades like these and still be in profit purely of RRR you can make extreme gains even if your win percentage is low.
Trend Analysis
Yobear10

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