reubengallop01

GBP/JPY Long 141.200 - Pound strength alongside technicals.

Long
FX:GBPJPY   British Pound / Japanese Yen
If we can see the pound reach 141.200 I will definitely be looking for a long position. 50 Fib level, 3rd trend-line touch clean B&R and also an SMA acting as support. The fundamentals behind this trade are - Gov . Bailey does not want to cut interest rates (strong for pound), risk on mood weakening the yen.

Comments

You might want to consider zooming out to the higher time frame structure. ✌🏻
+2 Reply
Thanks for the comment. Still in a nice uptrend and fundamentally I can’t see it coming too much lower. Will keep an eye out though... thank you 👍
Reply
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