FX:GBPJPY   Britisches Pfund / Japanischer Yen
231 5
This pair have been in a complex correction since mid Dec 2016
The triangle should indicate the end phase of the correction so watch for the breakout.
I think it will go long but triangle can break either way so be careful.

Always wait for an entry set up before risking your money.

All forecasts will be updated as they develop so remember to follow to receive them.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve
Kommentar: Still waiting for a break of the triangle
Kommentar: Still waiting for a breakout of this triangle - as I said these structures can break either way but my bias is long because of how the other pound pairs are looking.
I'll post a new chart on the 1H for clarity
Which way do you think it will break?
SteveNixon maksheetal
@maksheetal, I think it will break up but that doesn't matter. We simply wait for the break and then we look for a entry set up. That way we massively reduce the risk of getting it wrong.
maksheetal SteveNixon
Thank you @SteveNixon, for your prompt and clear replies. Much appreciated! I will be following you and asking a lot of questions. I hope you don't mind!
SteveNixon maksheetal
@maksheetal, No problem. I'll do my best to give you good answers. Thanks for your support
maksheetal SteveNixon
Thank you! @SteveNixon,
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