A possible bullish opportunity on GBPJPY presents itself from Feb trendline. The confluence created by the horizontal support line gives added confirmation about the possible bullish rally.The bullish sentiment may be negated by the breakout and significant close below the trendline.
Entry: 150.669
Stoploss: 150.508 - 150.007
Take Profit level: 153.768
Take care.
Not
Move stoploss to break even. Price moved over 170 pips from entry already!
Not
Price is re-testing the previously broken support level around 152.075. Hopefully price may break-through towards our target at 153.768
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