Tomdothematthews

Continuing to trade long on GBP/JPY

Long
OANDA:GBPJPY   British Pound / Japanese Yen
I’m seeing a head and shoulders pattern, buying pressure came in on the shoulder so I feel like it’s a logical move. Keeping an eye on the chart with this one but it has potential to push to 174 if the up trend continues but I am watching 165 first as this is a 61.8 fib, if it continues through I’ll be looking at the last high for resistance… I think that’s around 168. Either way I’m holding my buys with a stop loss at my entry so good luck to everyone. Just an idea people trust your own chart this is just my view
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