FX:GBPJPY   British Pound / Japanese Yen
MY BIAS FOR GBP/JPY IS LONG, THE REASONING BEHIND THIS IS BECAUSE GBP/JPY HAS TOUCHED THE WEEKKLY SUPPORT AREA AND PRICE HAS REVERSED IN THAT AREA AND ITS FORMED A ASCENDING CHANNEL. I WILL WAIT FOR THE RETEST OF THE ASCENDING CHANNEL BEFORE I ENTER AND POSSIBLY GIVE THIS PAIR A 50 PIP SL TO GIVE IT SPACE IN THE MARKET AS THIS IS FOR THE LONG TERM.

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