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Mihai_Iacob

GbpJpy can rebound to 152.50 resistance

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Mihai_Iacob  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators gbpjpylong GBPJPY gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpybuy gbpjpyidea gbpjpysignal
35
15
trendanalysis chartpattern indicator gbpjpylong gbpjpy gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpybuy gbpjpyidea gbpjpysignal
In the past 6 weeks, GbpJpy fell hard, from a top around 158 to a low just under 150.
At this moment the pair is trading in a strong support zone and a rebound is probable
Buy dips under 150 can be a good strategy for a rise to 152.50 resistance and a risk:reward ratio of 1:3
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