GBP/JPY 27/08/2019

MY BIAS FOR GBP/JPY IS LONG, THE REASONING BEHIND THIS IS BECAUSE GBP/JPY HAS TOUCHED THE WEEKKLY SUPPORT AREA AND PRICE HAS REVERSED IN THAT AREA AND ITS FORMED A ASCENDING CHANNEL. I WILL WAIT FOR THE RETEST OF THE ASCENDING CHANNEL BEFORE I ENTER AND POSSIBLY GIVE THIS PAIR A 50 PIP SL TO GIVE IT SPACE IN THE MARKET AS THIS IS FOR THE LONG TERM.

FUNDAMENTALS
THERE IS NO MAJOR NEWS FOR THIS PAIR