Up and Up | GBPJPY Long

Hi Traders,

This pair was consolidating before making a strong impulse on Friday. We can anticipate that price will continue upwards at least to the 0.5 fib level of the daily impulse which aligns best with structure. Another confluence for the move is an anticipated weakness in JPY after the news about import and export to be released in the next 1.5hours.

As always perform your own trade analysis and use proper risk management.

Feel free to share your thoughts and hope you have a profitable week!