GBPJPY (L) 2016.12.30

Entering long on full position at 144.3 just above resistance on pullback. Entry will be above 20 and 50 SMA on 15min and hourly chart. Stop loss of 70 pips at 143.6 just below 2nd point of resistance. GBP has shown 1-2 months of strength over JPY, pullback was expected, bullish trend should continue.