GBPJPY Daily shows strong bullish trend as per Ichimoku Kinko Hyo based on below confirmations.
- Senko span A and B up
- Kijun sen up
- Tenkan Sen up
- Chiko Span above price and Kumo
Stop loss:
It should be based on Tenkan Sen as market has been respected it twice as support.
Target:
Initial target to be 146.062 (body high on 16 Dec 2019) and ultimate target to be 147.971 (wick high on 147.971).