buy gbpjpy at support level SL 150.130 TGT 151.400
BUY GBPJPY inverted HEAD&SHOLDER PATTERN on daily chart risk to reward ratio not so good so be carefull
Have opened a long position on GBP/JPY any ideas about it..
GBPJPY has completed ABC corrective wave (Wave 4) and ready to test previous highs. It has completed 50% Fibonacci retracement of the previous swing move.
GBP continues to weaken and JPY strength created a big market gap this morning Asian session open. Take a look at the GBP pairs and you can see a clear gap down. It’s important to wait for price to correct and wait for the gap to be filled before it continues to drop. We will keep an eye on GBPJPY sell once price pulls back to fill the gap before selling.
GBPJPy will expose a Bullish uptrend continuation, If the trend line keep Working fine the Jump will come till previous high $138.50, then $139.50