My long term setup here on the GBPJPY is LONG with bias

FX:GBPJPY   Britisches Pfund / Japanischer Yen
204 0
Hi guys. We got a potential long opportunity on the GBPJPY (see related ideas). You may go and take long on that and hold it for long term (aggressive). Or you may wait for a Breakout on the symmetrical triangle to confirm by on which and where market will move. As market price is consolidating inside the triangle again we got a long setup inside the triangle by sooner or later there would be a BO either ways.

And take note here on the Daily we got a Bullish 5-0 Pattern that is already completed at 136 price handle as price was rejected on the 50% retracement level of the BC leg of the Bull 5-0 pattern/AB leg of the Bear AB=CD pattern. The pattern would be invalidated once price will break and close below the 61.80% fib level and that's around 133.83 price handle.

Trade wisely and with care.
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