CharlesStephenAsande

Bullish Setup On GBPJPY

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FX:GBPJPY   ポンド/円
Starting from monthly TF it is clear that the price is moving within a triangle and it is in a bullish direction,Switching to Weekly TF it seems the price has broke the previous support(resistance),In Daily TF price is moving towards trendline support,Down to 4H TF prce is retracing back to the Support 152.60, Here I will be looking for long position on candlestick formation.Note the Syria Attack by US will affect the YEN pairs so I expect YEN to be weak(which favours our Technical analysis)
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