GBPJPY - Continuing the Climb

Following a week of sideways consolidation, price has moved to retest the prevailing trend line. In doing so it looks as if the day will close with a Low Test through the trend and the long term 124.00 Support level.

A Stop Loss as 193.47 and entry above the daily high, the first profit target is at the next major Resistance of 200.00, providing a 4:1 Reward:Risk Ratio.