GBPJPY awakening
GBP has gotten beat down, after the vote last week the GJ dropped harder but since, bounced hard off the major support trend line on Daily... GBP is a strong currency and I think this should be the beginning of a good rally... UJ is a bit correlated with this pair and Im seeing UJ to be gaining a bull run as well in the coming weeks ahead. This is a good R;R with much more to go beyond the original target.
SL 138
TP1 143.50 area
TP 2 148 possibly to test the upper trend line on what could be a wedge forming on the Daily...
SL 138
TP1 143.50 area
TP 2 148 possibly to test the upper trend line on what could be a wedge forming on the Daily...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.