YGForex

GBPJPY Still On AN Uptrend...BULLSIH outlook!!!

Long
FX:GBPJPY   Britisches Pfund / Japanischer Yen
As we can see, GBPJPY brokeout from its resistance area (red area) followed by a nice retest and bullish movement upwards. I will be looking to see GBPJPY testing 23.6 fib level where we can see a short price rejection followed by a continuation bullish to the trend resistance line. Also, there will be a resistance level @ 138.65 where I believe price will travel till that level and I will update again once we see a nice rejection or breakout. As for now, I will be trading the BULLISH movement up. TP and SL provided as shown in chart.

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