GBPJPY: One more up before down or ...?

Long

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

Support and Resistance Trend Lines

supportandresistance trendline

Daily trendline looks to have held again on GJ. This time round, I'm looking for an upside target of 150.50 achievable by Tuesday with Average Earnings news as a catalyst.

Comment:

H4 view: A momentum break above 149.20 would keep 150.50 in sight

snapshot

Comment:

Did not hit 150.50 but it did hit 150 as expected for the first target

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