Update on GBP/JPY Trade
30/08/2017- TAKE PROFIT
Express trade GBP/JPY on an hour chart
I have just seen an inverse head and shoulders pattern form on the hourly chart. It has retraced slightly that is why I am waiting for a candle stick to close above the 140.5 level. I am looking at a potential move of 125 points.
Long GBPJPY (Hourly chart)
Target profit: 141.75
Stop Loss: 139.84
Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.
Until next time, I wish you profitable trading.
All charts sourced: Bloomberg
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