GBPJPY:Waiting for a breakthrough - Ratio(1:3.05)

# Execute trading strategy #

Wait for the general election , make a breakthrough

BUY : 141.47
STOP : 139.00
TARGET 1 : 143.55
TARGET 2 : 146.50
TARGET 3 : 148.87

Comment:

Testing resistance level

Comment:

Upward breakthrough

Comment:

On December 12, Britain will hold the lower house of Parliament Election.The market is waiting for results.

If the election results are good, the pound will continue to be strong.

If the election results are bad, then risk aversion is rising, the yen is up and the pound is down.

Moderate focus, or lower position.

Trade closed: target reached:

TARGET 1 : 143.55
TARGET 2 : 146.50
The targets has been achieved.