GBPJPY TO THE UPSIDE PENDING Long

British Pound/Japanese YenFXCM

Description

⋅ Jul 21, 2016 5:46 AM

GBPJPY LONG

Currently waiting for a closure above the 142.076 area to confirm a bullish movement to the upside.

If it breaks, our first TP would be at 142.922 area. If it decides to break through that, we will plan on our next move ahead to the next S/R above.

My S/R lines were drawn off the weekly so you would have to check the weekly/monthly in order to figure out how and why I got that.

Comments

scalpking

⋅ Jul 21, 2016 6:36 PM

GBPJPY from last night never closed above the 142.076 as it printed an engulfing on the S/R on the H1 so that was a short. There's another chance for a buy soon off the TL on my other analysis for GBPJPY.

CARAT

⋅ Jul 21, 2016 9:02 AM

oh my god !!! it is a crash test ;)