GBPJPY Support confirmation and next target Resistant is 275Pips!



US dollar strength is back and which making Yen week again. On the other hand, pound got some bullish momentum after the comments from Prime Minister Theresa May and pretty good employment data today.

GBPJPY D1 Candle


The Price action of GBPJPY seems interesting as it confirms the fake breakout attempt from the Major Support 138.821 And next Major Resistant is 143.217 as it confirmed double bullish reaction from the support.

I took Long entry few minutes ago and will add more long positions after another H4 closing from the market opening. My target is round number 143.00
Hope TP will hit this week. All the best.

Important: I strongly advise you to follow your money management!



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