GBPJPY Bullish Target 143.00 For 1.7%
May 16th, 2019.
GBPJPY (Pound Sterling / Japanese Yen) appears to be the key pair out of the major pairs after the Yen rallied sharply while the Pound sold heavily against their major peers. This created an opportunity to anticipate Yen profit taking to lead it down against the Pound which is at supportive price levels against the US Dollar.
The trade idea is bullish GBPJPY with a target of 143.00; which is 1.7% higher than the latest quote 140.61.
The new format is still being developed. I expect this account will become more active after I've defined the new format within the next few weeks.
GBPJPY (Pound Sterling / Japanese Yen) appears to be the key pair out of the major pairs after the Yen rallied sharply while the Pound sold heavily against their major peers. This created an opportunity to anticipate Yen profit taking to lead it down against the Pound which is at supportive price levels against the US Dollar.
The trade idea is bullish GBPJPY with a target of 143.00; which is 1.7% higher than the latest quote 140.61.
The new format is still being developed. I expect this account will become more active after I've defined the new format within the next few weeks.
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