JacquesSyse

GBP/JPY: Buy!

Long
JacquesSyse Updated   
FX:GBPJPY   British Pound / Japanese Yen
As we can see from the 4H chart, we have broken a downtrend line and are on the verge of breaking our first area of resistance. It is important for us to wait for the close above our current resistance area, a retest and the some bullish confirmation to the upside!

We might see the pair revisit support and continue upwards to previous highs so be on the lookout for that possibility.

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Trade closed: target reached
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