GBP/JPY has been climbing well since it doubled bottomed in Aug 2019 at the 127.50ish level. The buying is a the institutional level - WE KNOW STOCKS ARE GOING HIGHER negative interest around the world will be a catalyst for this. For now im long the break out simple #RECTANGLE pattern targeting 142.30 stop loss below #200SMA.
Comment if you find this simplicity useful.
Comment if you find this simplicity useful.
Commento:
Price approaching our targets...Keep it simple TA is not woo woo or anything magical there are no guarantees with TA - All TA allows me to do is visualize my risk to potential rewards and that's exciting for me.