Gbp/Jpy: Bullish Setup

29 בספט׳ 2016

Just a quick look at this pair we can see that price reached support at "130.00" creating a bullish 2 bar formation also with a clear bounce. The move on the lower timeframe will show an intraday breakout to the upside with buyers targets at "132.75"
Long term we should see price reach "134.00" unless this is a false break which would make this move invalid.