I am using FxPro chart your broker could have little different price.
After an unbelievable Trump win dollar is getting bullish on the other hand safe-haven currency JPY is bearish. With less dovish scenario ‘Pound’ is getting strong every day. And no exception ahead of inflation report and job data in coming week.
There is a great ‘Long’ opportunity in GBPJPY this week as its broke the triangle falling wage. Technical breakout is successful and just waiting to take the entry at Monday after market opening. However it could delay if there is an opening market gap.
GBPJPY market broke the Primary Lower Low trendline and Resistant 133.473 successfully with a closing reaction. Market next target is 138.82. However my Take Profit would be at round number 138.50.
Price Action: Falling Wage breakout
Target: 138.82
Pips: Around 450 pips
Image: title: GBPJPY Breakout
Forex breakout of gbpjpy currency pair.
[…] GBPJPY has the hottest entry of this week! It is finally broke the long waited ‘Falling wage’ after a fake downward attempt. And has a 450 Pips solid ‘Long’ entry. KEY Support 128.758, broken Resistant 133.473 and probable target is 138.82 but it would be wise take the profit at a round number before the full target as 138.50. Check more details here. […]
[…] GBPJPY has the hottest entry of this week! It is finally broke the long waited ‘Falling wage’ after a fake downward attempt. And has a 450 Pips solid ‘Long’ entry. KEY Support 128.758, broken Resistant 133.473 and probable target is 138.82 but it would be wise take the profit at a round number before the full target as 138.50. Check more details here. […]
[…] GBPJPY was the most potential long entry last week and my primary entry still in there. And waiting to hit the Full TP at 138.50 this week. It would be 400+ pips. Check more here. […]
[…] GBPJPY was the most potential long entry last week and my primary entry still in there. And waiting to hit the Full TP at 138.50 this week. It would be 400+ pips. Check more here. […]