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mikoaodu

GBPJPY LONG - PREVIOUS SWING LOW IS HOLDING

Long
British Pound / Japanese Yen (FX:GBPJPY)  
mikoaodu  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY gbpjpylong gbpjpyforecast forexsignals swingtrade swingtrading breakout Technical Analysis
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trendanalysis chartpattern waveanalysis gbpjpy gbpjpylong gbpjpyforecast forexsignals swingtrade swingtrading breakout technicalanalysis
GBJPY has been moving in a very slow uptrend and has now been trading in the same are for a few days now. Price however is struggling to break past the previous swing low on the H4 chart and is so far holding this as a support level. If this uptrend continues we could see a breakout to the upside as price goes to make a new swing high and test a daily key level at 142.000.
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