GBPJPY's daily chart has a falling wedge. A falling wedge is a bullish reversal signal. The trendline of resistance is steeper than the trendline of support. Price will likely break through the level of resistance. 161.150 and 159.900 are strong support levels. Targets around 168.00 will give you between 685 and 810 pips in reward. Adjust your trade size and stop loss level appropriately. Risk per trade 1-3%
Disclaimer: This is a purely educational post, do not take it as investment advice.
Disclaimer: This is a purely educational post, do not take it as investment advice.