GBPJPY back on track
Updated
GJ has been in an uptrend since the end of Jan. After going sideways a bit now we got a bullish pennant pattern confirmed. Today UK's retail sales data was basically positive and the Pound is still feeling strong from the rates hikes (you can see GU has been stronger than EU in the last weeks, watch EG). All these elements, plus the EMAs crossover, make me believe that we still have room for GJ to go up a bring some profits!
Good trade everyone, hope y'all gonna make good profit!
Good trade everyone, hope y'all gonna make good profit!
Trade closed: stop reached
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