GBPJPY Broke Out 28/Aug/2020

71
Hello Traders,

Hope you all are doing good!!

The pair was trading in the symmetrical triangle & just broke out of it.
After breaking out the pair retested the trend line and now moving upside.

As per the COT report, GBP is LONG biased by speculators whereas JPY on the SELL side.
Therefore, my Bias is LONG on the pair.


TP @ 143.0


Please follow me and like if you agree or this idea helps you out in your trading plan.

Disclaimer: This is just an idea. Please do your own analysis before opening a position.

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