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British Pound / Japanese Yen
Long

GBPJPY - Peter Kani

By peterkani
Updated
Ok Traders, I dropped hint that there was an influx of Strength returning to this pair, see comments section on this related idea -tradingview.com/chart/GBPJPY/nxifWE3V-GBPJPY-Peter-Kani/, we initially saw evidence of price rising abruptly from 148.78 (where I noticed the incoming strength), now price is around 148.50. I am of the opinion that price will not get blow 148.20 as it needs to achieved the projected target of 70-100 pips up from 148.78, giving us a projected TP of minimal 149.50.

Thus ..

Entry 148.38
SL @ 148.17
TP @ 149.5
TP2@ 149.7
Note
typo error Sl is 148.03 as on Chart
Note
ok spiked out of our SL at 148.03, but i still think the suggested up move is still intact, so i entered again at 148.03, target remains the same, sl is 15pips from entry,
Note
moved SL to 147.96, only 7pips risk now.
Trend Analysis
peterkani

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