GBPJPY looks good for a short term long trade. Price is consolidation for a few hours now and is forming a textbook triangle formation. YEN is predicted to be berish this week by analyst with addsto the fundamentals to this trade!
I will look to buy just above the break of the triangle for about 70 pips target and and 20 pip stop loss. If it breaks below i will not be entering as it is against my bullish bias.
ENTRY: 131.80 TP: 132.56 SL: 131.60
All the best and trade safe guys. Please give this idea a like if you share the same view. Follow me to show your support! I will genuinely appreciate it!