Signal_Centre

Buy GBPJPY - Trading in a triangle formation

Long
FX:GBPJPY   British Pound / Japanese Yen
FX:GBPJPY , OANDA:GBPJPY , FOREXCOM:GBPJPY , SAXO:GBPJPY

Trade Idea

Price continues to trade within the triangle formation.
Bespoke support is located at 136.10.
There is scope for mild selling at the open but losses should be limited.
Intraday signals are mixed.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Expect trading to remain mixed and volatile.

We look to Buy at 136.10
Stop: 135.65
Target 1: 137.60
Target 2: 138.20

EXPIRES AT 9PM
Trade active: Triggered. The move lower is below the daily ATR. This is the point where bulls in higher up could capitulate and stops get hit.
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