Long Idea GBP/JPY
Long Idea GBP/JPY:
Based on our Analysis we see a Strong Up Channel based off the Daily time frame Making HH and HL we anticipate a pull back and then a further push to the upside to our 3 Take Profit Areas highlighted .
TP1 : 169.067
TP 2 : 170.467 (Monthly Take Profit)
TP 3 : 174.707
SL : 147.034
If the market does a Deeper retrenchment to our second entry point highlighted round about 152.337
our Take profit analysis will stop at TP 2 : 170.467 (Monthly Take Profit) we will then anticipate a Larger than normal retracement.
Based on our Analysis we see a Strong Up Channel based off the Daily time frame Making HH and HL we anticipate a pull back and then a further push to the upside to our 3 Take Profit Areas highlighted .
TP1 : 169.067
TP 2 : 170.467 (Monthly Take Profit)
TP 3 : 174.707
SL : 147.034
If the market does a Deeper retrenchment to our second entry point highlighted round about 152.337
our Take profit analysis will stop at TP 2 : 170.467 (Monthly Take Profit) we will then anticipate a Larger than normal retracement.
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