GBPJPY prepares to rally – Analysis – 6-11-2018

The GBPJPY pair provided new bullish wave to reach 148.30 level, to confirm the continuation of the bullish bias domination, while the stability of the key support 145.90 today allows us to continue suggesting the bullish rally and wait to reach the next positive station at 149.00, while surpassing it will target 38.2% Fibonacci correction level at 150.45.



Stochastic stability within the overbought areas will ease the mission of achieving the positive targets by providing strong positive momentum recently

Currency Pair: GBPJPY

BUY Limit Entry Price:1.4800

Take Profit:1.4900
Take Profit2-1:50500

Stop Loss:1.46700

Capital Risk:500USD(amount may vary depending on your account size and risk tolerance)

Potential Reward: 1000USD

Risk/Reward: 1:2