GBP_JPY is approaching the trendline from the move higher of May 2020, long term trend followers can look to enter at this point which currently sits at 152.600.
I recommended placing stops below the last approach to the trendline at 149.650 and look to target the 158 level given that the Bank of England is in a rate hiking cycle and Bank Of Japan is very dovish.
I recommended placing stops below the last approach to the trendline at 149.650 and look to target the 158 level given that the Bank of England is in a rate hiking cycle and Bank Of Japan is very dovish.
Trade active:
Move your SL to the trendline
Trade closed: stop reached