GBP/JPY Long
We have a nice long coming up on GBP/JPY.
Price as broken the wedge on the weekly to the upside with a strong bullish move through resistance. I'm expecting price to come back down to the 30 or 50% Fib and re-test support and the wedge before moving upward. Wait for a break and retest of the counter trend line before entering long.
Price as broken the wedge on the weekly to the upside with a strong bullish move through resistance. I'm expecting price to come back down to the 30 or 50% Fib and re-test support and the wedge before moving upward. Wait for a break and retest of the counter trend line before entering long.
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