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AliSignals

GBPJPY will fluctuate in a wide range!

British Pound / Japanese Yen (OANDA:GBPJPY)  
AliSignals  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Lines Pivot Points Trend Analysis trendlineanalysis multichart correlation pivotsupport channelbreak supportandresitance
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trendline pivotpoints trendanalysis trendlineanalysis multichart correlation pivotsupport channelbreak supportandresitance
Strong Bullish candles and weaker bearish moves. Candles are begging traders: BUY!

But the super bullish channel might be broken this time. Remember these kind of channel won't last long!

Take a look at GBPUSD
snapshot
Pound is going to be weaker against USD

Same for USDJPY:
snapshot

If I want to favor one to another I'll choose GBP so our suggested entries in lower time frames could be found around:
LONG AT: 181.05
AND : 177.71

SL : below 176.71

Take profit points:
183.00
186.00



Any breaking news or an important one, could devaluate this analysis. Also, breaks out of the yellow range is expiration of the idea.




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