VIP_Trading_Technologies

Uptrend to continue with some hiccups

Long
FX:GBPJPY   British Pound / Japanese Yen
We are currently sitting on a very interesting spot where price could move either way. I'm off positions at the moment awaiting clearer entry spots on each way but biased towards a further uptrend.

It seems that we may resume a correction towards 147.350 support, to gain further steam to keep climbing. From the fundamental point of view, if you analyse the weekly or monthly charts, we are way off the all time highs so there is plenty of room on the upside.
Trade active:
As long as we keep moving inside the channels this idea will be valid and therefore just need to hold longs all the way.
Trade closed: target reached:
First target almost reached. With no trading sessions on main indexes I'm expecting a wild Monday so better grab the profit and wait for the next clear signal.
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