GBPJPY Bullish Pinbar On Support Level

FX:GBPJPY   Britisches Pfund / Japanischer Yen
Hello Traders!

It's Wednesday today, the last day of the month for January. While I was scanning the charts this morning upon the list of the currency pairs that I'm trading, I saw a possible long trade entry in the GBPJPY pair. As you can see from the chart below, it's evidently clear that this market is in an obvious uptrend since September of 2016 successfully breaking previous resistance and making higher highs. As of today, we've got a nice Bullish Pin bar or Bullish hammer keeping the price buoyant to that support level around 152.72. Together with the uptrend momentum, a possible thrust to upside is anticipated for the next trading days.

For now, my buy limit entry is a little bit being left behind as I was hoping for small pullback with a tight stop loss.

Thanks for reading. Will update this currency pair soon.

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