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MarcellusLUX

Bullish base building up in GBP/JPY, Time to look for buys?

Long
British Pound / Japanese Yen (FX:GBPJPY)  
MarcellusLUX Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyanalysis gbpjpyprediction gbpjpyforecast
10
4
trendanalysis chartpattern beyondta gbpjpy gbpjpyanalysis gbpjpyprediction gbpjpyforecast
Hello traders, we are possibly witnessing the a consolidation and building
of a bullish base for GBP/JPY which will propel the price towards 185
and even 188 in the coming days.

Currently, I do not have any open positions in GBP/JPY. However, if price dips
towards the 100 day EMA level near 180, I would definitely consider a buy
entry.

Comment:
Price is holding nicely above 182.50
Comment:
100 pips profit hit with my buy update
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