Time for Pound to fly, Long GBPJPY at the lowest risk point
As show in my chart, I think that GJ should find it support around the uptrend line and ema 222 level, even though it look like the price is currently within the downtrend parallel channel. The reason is base on fundamental. GBP is more bullish than JPY because it is more likely that ECB will start tightening its policy soon as the economy seem to have much recover but their still be silent from BOJ about this issue.
So Long GBPJPY at this point and stop loss just below the trend line and hope that the downtrend channel scenario do not happen. TP at 151 level.
So Long GBPJPY at this point and stop loss just below the trend line and hope that the downtrend channel scenario do not happen. TP at 151 level.
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