FX:GBPJPY   British Pound / Japanese Yen
As we can see the momentum of this market has been bearish we have had BOE on the news this morning pushing the pound up I have set an entry at 1.32 which has now triggered currently running in profit I am aiming to break the 1.30 area if we can break this area we could potentially fall to 1.28 let’s see what happens The Fibonacci set up is basically indicating that there has been a retracement which was expected

Please note this is not an investment idea or any investment guidance if you have got any questions give me a message feel free to let me know what you think

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