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
Pips: Around 450 pips
Image: title: GBPJPY Breakout
Forex breakout of gbpjpy currency pair.