MDSADI

Be prepared to buy Pound on DIPS

Long
MDSADI Updated   
FX_IDC:GBPJPY   British Pound / Japanese Yen
Technical Price action suggest , Down trend is broken and we are above the IChmoku cloud, ideal scenario would be to try a buy on pullback to last resistance level near 130.00 which also aligns with lower cloud boundary

Use wide stops and low lot size to save yourself from Brexit volatility. I don't mind waiting for tripple bottom level around 127.00 as well to add to my buy's. Watching this for a strong reversal as you are reaching towards the end of Brexit event
Comment:
We are at buy zone !
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