GBPJPY LONG INTO 137.000. WAITING FOR PA ON MARKET OPEN AND GOING INTO UK SESSION
GBPAUD LONG TERM PUSH INTO 2.0500 AND POTENTIALLY 2.0700
Waiting for PA to come to Fib area in-between 61% and 78%. Head and shoulder pattern forming. Go long around here
Risk Reward 1:10 ratio. Take 50% at 1:5. Bring SL to BE when in 30 pips profit.
R/R 1.3 may TP after 2% depending on price action and any fundamental factors.
Another retracement due back to 111700 before it targets outer trend line 110600. Possible Head and shoulder formation on the Daily chart.
fib retracement. Target Fib in line with resistance. 1.3% R/R