GBPJPY

GBPJPY. Potential long opportunity.

Yesterday we have called buys during Asian Session. We are now waiting on a clear break of our KL (Key Level) 198.360 for potential buys. We are still extremely bullish on GBPJPY. Our main target now is to break 199.800 which would confirm our continuation buys. BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.


KEY NOTES

- GBPJPY has broken below our KL (Key Level) 198.360.

- Targeting 199.800 break for continuation buys.

- BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.

Happy trading!

FxPocket